WAEC Commerce 2016 Objective — Question 9
Question 9 of 50 from the West African Examinations Council (WAEC) Commerce 2016 Objective paper, with the correct answer and a full explanation.
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9. An economic policy which encourages government ownership of business is called A. privatization B. Nationalization C. Indigenization D. commercialization
- A. privatization
- B. NationalizationCorrect
- C. Indigenization
- D. commercialization
Explanation
Nationalization involves converting an institution which is not profit oriented to a profit oriented one (per official key context, B is the marked answer).
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