In nationalized industries, losses are borne by the?

Assessment: WAEC SSCE - Commerce - 1991 (Objective) Subject: Commerce

Question 1 Report

In nationalized industries, losses are borne by the?
Answer Details
In nationalized industries, losses are borne by the taxpayers. This is because nationalized industries are owned by the government, which means that any losses incurred by the industry will be funded by the government. The government, in turn, funds its operations through tax revenues collected from the public. Therefore, when a nationalized industry incurs losses, it is ultimately the taxpayers who bear the cost.
Read lesson note on Commerce (JAMB)
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