WAEC Economics 2000 Question 11

Question 11

Business Organisations

Public enterprises are established mainly to

  1. A.provide basic amenities for the people
  2. B.make goods available in the markets
  3. C.make profit for the government
  4. D.compete with foreigners in the industrial sector.
Show the answer and explanation

Answer: A (provide basic amenities for the people)

Explanation

Public enterprises are set up mainly to provide essential services such as water, electricity and transport, not mainly for profit.