WAEC Commerce 2022 Question 7

Question 7

Government and Business

Which of the following organizations provide essential goods and services at low cost to citizens?

  1. A.Thrift societies
  2. B.Public enterprises
  3. C.Private companies
  4. D.Cooperative societies
Show the answer and explanation

Answer: B (Public enterprises)

Explanation

Public enterprises are owned by government to provide essential services (power, water, transport) to citizens at low cost, not mainly for profit.