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WAEC Commerce 2021 Question 44

Question 44

Government and Business

The practice of making a state firm more profit-oriented is

  1. A.privatization.
  2. B.nationalization.
  3. C.deregulation.
  4. D.commercialization.
Show the answer and explanation

Answer: D (commercialization.)

Explanation

Commercialization keeps the firm in government hands but makes it run on business lines and aim to make a profit.