Which of the following is not a reason why statutory are run only by the...

ECONOMICS
WAEC 1993

Which of the following is not a reason why statutory are run only by the government?

  • A. The duplication of some services will lead to resource wastage
  • B. all corporation provides services which individuals cannot provide
  • C. Essential services must be provided irrespective of the economic system adopted
  • D. some corporations require large financial capital which may not be easy to acquire by individuals

Correct Answer: A. The duplication of some services will lead to resource wastage



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