JAMB Commerce 2025 Objective — Question 28
Question 28 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2025 Objective paper, with the correct answer and a full explanation.
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Liberalization means:
- A. Free determination of interest rates
- B. Removing unwanted restrictions from the industry, trade and economyCorrect
- C. Opening up of economy to the world by attaining international competitiveness
- D. Reducing number of reserved industries from 17 to 8
Explanation
Liberalization simply means making trade, industry and the economy more simple and easier by removing unnecessary restrictions.
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