WAEC Economics 2016 Objective — Question 24
Question 24 of 50 from the West African Examinations Council (WAEC) Economics 2016 Objective paper, with the correct answer and a full explanation.
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24. Indigenization policy is a measure aimed at (a) privatizing the existing businesses owned by the state (b) commercializing state-owned by the state (c) reducing foreign economic domination (d) making the indigenes managing directors of businesses
- A. privatizing the existing businesses owned by the state
- B. commercializing state-owned by the state
- C. reducing foreign economic dominationCorrect
- D. making the indigenes managing directors of businesses
Explanation
Indigenization of policy is a deliberate effort by the government to encourage citizens' participation in the economy so as to reduce foreign dominance.
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