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WAEC Economics 2007 Question 20

Question 20

Business Organisations

The main objective of privatizing a government business is to

  1. A.create additional employment
  2. B.increase expenditure
  3. C.source for new funds
  4. D.increase the level of efficiency.
Show the answer and explanation

Answer: D (increase the level of efficiency.)

Explanation

Privatisation transfers public firms to private owners mainly to make them run more efficiently.