WAEC Economics 2015 Theory — Question 13

Question 13 of 22 from the West African Examinations Council (WAEC) Economics 2015 Theory paper, with the correct answer and a full explanation.

5(c). Outline any three ways by which industries can be financed in West Africa.

Model answer

(i) Government subsidies. (ii) Bank loans and overdrafts. (iii) Credit purchases and trade credit. (Also acceptable: issue of shares, personal savings, cooperative societies.)

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