WAEC Economics 2014 Objective — Question 48
Question 48 of 50 from the West African Examinations Council (WAEC) Economics 2014 Objective paper, with the correct answer and a full explanation.
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Which of the following measures will not encourage industrialization in West Africa?
- A. Taking over of all forms of industries by the governmentCorrect
- B. provision of social infrastructure
- C. Giving tax incentives, especially to infant industries
- D. Using tariffs to discourage the use of imported items
Explanation
Privatization, rather than government take-over/nationalization, which is transferring ownership of private firms to the government, will encourage industrialization.
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