WAEC Commerce 2024 Objective — Question 49
Question 49 of 50 from the West African Examinations Council (WAEC) Commerce 2024 Objective paper, with the correct answer and a full explanation.
Advertisement
49. The act of reducing government intervention in business is A.
- A. commercialization.
- B. deregulation.Correct
- C. merger.
- D. privatization.
Explanation
Deregulation involves allowing the market to dictate prices of goods. By this, it means the government will not intervene.
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.