WAEC Commerce 2020 Objective — Question 46
Question 46 of 50 from the West African Examinations Council (WAEC) Commerce 2020 Objective paper, with the correct answer and a full explanation.
Advertisement
One of the disadvantages of privatization is that it
- A. promotes business efficiency of staff
- B. brings about economic decline
- C. reduces government revenue
- D. causes increase in the prices of productsCorrect
Explanation
When firms are privatised, prices will increase because the new investors always aim to maximise profit and cost controlling.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.