Business losses in nationalized industries are borne by the

Assessment: WAEC SSCE - Commerce - 1999 (Objective) Subject: Commerce

Question 1 Report

Business losses in nationalized industries are borne by the
Answer Details
Nationalized industries are owned and managed by the government, and therefore any losses incurred are ultimately borne by the public. This means that taxpayers may have to bear the burden of any financial losses made by nationalized industries, as the government will have to use public funds to cover these losses. In contrast, in a privately owned business, the shareholders or debenture holders may be the ones who bear the financial losses.
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