WAEC Commerce 2015 Objective — Question 47

Question 47 of 50 from the West African Examinations Council (WAEC) Commerce 2015 Objective paper, with the correct answer and a full explanation.

Which of the following is a reason for the failure of public corporations?

A. legal requirements
B. inadequate fundingCorrect
C. political instability
D. lack of competition

Explanation

The failure of public corporation is highly caused by inadequate allocation of resources leading to overall fall in the economic welfare of the country.

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