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WAEC Economics 2006 Question 24

Question 24

Business Organisations

Which of the following is not a reason for establishing public enterprises?

  1. A.Discouraging investors
  2. B.Opening up neglected parts of the country
  3. C.Effective control of a natural monopoly
  4. D.Rapid economic development.
Show the answer and explanation

Answer: A (Discouraging investors)

Explanation

Governments set up public enterprises to develop the economy and serve the public, not to discourage investors.