Industrial development in Nigeria can be encouraged through
ECONOMICS
JAMB 2011
Industrial development in Nigeria can be encouraged through
- A. signing WTO treaty
- B. granting subsidies
- C. the provision of efficient infrastructure
- D. direct government participation
Correct Answer: B. granting subsidies
Explanation
Subsidies, on the other hand, refer to direct contributions, tax breaks and other special assistance that governments provide businesses to offset operating costs over a lengthy time period. By granting subsidies, industrial development is attainable.
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *