JAMB Economics 2022 Objective — Question 16
Question 16 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2022 Objective paper, with the correct answer and a full explanation.
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16. One of the major advantages of government owned enterprise is
- A. (A) availability of more capital
- B. (B) pricing is determined by the consumer
- C. (C) Infrastructural development
- D. (D) Income is more evenly distributedCorrect
Explanation
Government owned enterprises assist in redistributing income more evenly, since income (in the form of taxes and revenue) is used to serve the general public.
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