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WAEC Economics 2004 Question 26

Question 26

Business Organisations

Joint ventures are partnerships involving

  1. A.the poor and the rich
  2. B.employers and workers
  3. C.government and private investors
  4. D.multinationals and individuals
Show the answer and explanation

Answer: C (government and private investors)

Explanation

A joint venture is jointly owned, typically by government and private (often foreign) investors.