Public enterprises are financed mainly by

Assessment: WAEC SSCE - Commerce - 2007 (Objective) Subject: Commerce

Question 1 Report

Public enterprises are financed mainly by
Answer Details
Public enterprises are entities that are owned and operated by the government. They provide public goods and services such as transportation, utilities, and communication services. Since public enterprises are owned by the government, their financing is mainly through government grants. These grants may come from the national budget or from external sources such as international development agencies. While public enterprises may also generate revenue from the sale of goods and services, they are often subsidized by the government to ensure affordable and accessible public services. Therefore, the financing of public enterprises is primarily through government grants.

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