A disadvantage of privatization is that

Assessment: WAEC SSCE - Commerce - 2021 (Objective) Subject: Commerce

Question 1 Report

A disadvantage of privatization is that 

Answer Details
One disadvantage of privatization is that the profit motive of private companies may outweigh the public interest. This means that private companies may prioritize making money over providing high-quality goods or services at affordable prices. Additionally, when a single private company dominates a particular industry or market, there is a risk of a monopoly which may lead to higher prices and lower quality goods or services for consumers.
View Answer

Related Questions

1

Which of the following businesses can raise capital through the stock exchange?
2

All activities geared towards the distribution and exchange of goods and services is _______
3

The reward for land as a factor of production is
4

The word ''limited" written after the name of a company means that
5

Which type of occupation is a carpenter engaged in?
6

An example of a primary product is _____
7

The process of changing raw materials into finished goods is ________
8

Commerce started as a result of _______

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning