One of the characteristics of private enterprises is ______?
ECONOMICS
JAMB 2016
One of the characteristics of private enterprises is ______?
- A. Provision of welfare to the citizens
- B. That tax payers bear all the risks
- C. Public ownership of shares
- D. Individual funding of business activities
Correct Answer: D. Individual funding of business activities
Explanation
characteristics of the private enterprise system: Private ownership of property. Entrepreneurship. Consumer independence. Market forces (competition, supply and demand, profit motive)
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