GCE Economics 2024 Objective — Question 22
Question 22 of 50 from the General Certificate of Education (GCE) Economics 2024 Objective paper, with the correct answer and a full explanation.
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The government policy that encourages public corporations to operate profitably is
- A. A. liberalization
- B. B. nationalization
- C. C. commercializationCorrect
- D. D. indigenization
Explanation
Commercialization is the government policy of industrialization which encourages the running of government owned enterprise for the primary objective of making profit. In this case, the objective of providing essential or welfare services has been changed to pursuit of profit.
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