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WAEC Economics 2016 Question 24

Question 24

Business Organisations

Indigenization policy is a measure aimed at

  1. A.privatizing the existing businesses owned by the state.
  2. B.commercializing state-owned businesses.
  3. C.reducing foreign economic domination.
  4. D.making the indigenes managing directors of businesses.
Show the answer and explanation

Answer: C (reducing foreign economic domination.)

Explanation

Indigenisation transfers ownership of businesses from foreigners to citizens.