WAEC Commerce 2023 Question 42

Question 42

Government and Business

A disadvantage of privatization is that

  1. A.there is decline in the supply of goods.
  2. B.there is less efficiency in the production of goods.
  3. C.public interest outweighs the profit motive.
  4. D.income is unevenly distributed.
Show the answer and explanation

Answer: D (income is unevenly distributed.)

Explanation

Privatization puts public assets in the hands of a few rich buyers, widening the gap between rich and poor.