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WAEC Commerce 2018 Question 47

Question 47

Government and Business

The purpose of commercialization is to

  1. A.encourage the participation of the private sector.
  2. B.make state-owned firms more efficient
  3. C.encourage the flow of foreign capital.
  4. D.enable state-owned firms pay tax.
Show the answer and explanation

Answer: B (make state-owned firms more efficient)

Explanation

Commercialisation makes government-owned firms run on business lines so they become efficient and self-financing.