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WAEC Economics 2011 Question 33

Question 33

Business Organisations

The effect of privatization on the industrial sector of a country is that it

  1. A.ensures efficiency.
  2. B.discourages efficiency.
  3. C.leads to decrease in output.
  4. D.leads to liquidation.
Show the answer and explanation

Answer: A (ensures efficiency.)

Explanation

Private owners seeking profit tend to run firms more efficiently.