GCE Commerce 2024 Objective — Question 45
Question 45 of 50 from the General Certificate of Education (GCE) Commerce 2024 Objective paper, with the correct answer and a full explanation.
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A reason for the privatization of the petroleum industry is to
- A. A. reduce production of petroleum products
- B. B. reduce private businesses in the sector
- C. C. encourage private businesses in the sectorCorrect
- D. D. control production in the sector
Explanation
Privatization aims to encourage private sector participation and investment in the petroleum industry.
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