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WAEC Commerce 2022 Question 45

Question 45

Government and Business

A disadvantage of privatization is

  1. A.high motive for profit than public interest
  2. B.decline in the supply of goods
  3. C.less efficiency in production of goods
  4. D.increase in government expenditure
Show the answer and explanation

Answer: A (high motive for profit than public interest)

Explanation

Private owners put profit first, so the public interest may suffer, e.g. through higher prices.