Which of the following statements is not true?

Assessment: WAEC SSCE - Commerce - 1993 (Objective) Subject: Commerce

Question 1 Report

Which of the following statements is not true?
Answer Details
The statement that is not true is "Government does not nationalize businesses owned by its citizens." In some cases, governments may nationalize businesses owned by their citizens for various reasons, such as to address a national crisis or to take over a business that is not being managed effectively by its owners. However, this is not a common practice and is generally viewed as a last resort.
Read lesson note on Government Policies Relating To Business (WAEC)
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