The economic policy of privatization came up as a result of the poor performance of...
ECONOMICS
JAMB 2008
The economic policy of privatization came up as a result of the poor performance of
- A. commercial banks
- B. small-scale businesses
- C. public enterprises
- D. private enterprises
Correct Answer: C. public enterprises
Explanation
privatization is the transfer of ownership, property or business from the government to the private sector. The policy of privatization came up as a result of the disadvantages and short comings of the public sector, which stems from inefficiency.
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