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WAEC Economics 1993 Question 4

Question 4

Business Organisations

Public corporations in West Africa are set up to

  1. A.make maximum profit
  2. B.provide jobs for the people
  3. C.provide welfare services for the people
  4. D.show that the government can do business
  5. E.compete with private enterprises.
Show the answer and explanation

Answer: C (provide welfare services for the people)

Explanation

Public corporations aim mainly to provide essential services (power, water, transport) for public welfare, not to maximise profit.