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WAEC Economics 2020 Question 24

Question 24

Economic Systems

The public sector in a mixed economy is not always efficient because of

  1. A.bureaucratic practices.
  2. B.the desire to make huge profit.
  3. C.annual planning of activities.
  4. D.the activities of shareholders.
Show the answer and explanation

Answer: A (bureaucratic practices.)

Explanation

Red tape and slow decision-making make public enterprises inefficient.