A major disadvantage of the privatization policy is that?

Assessment: JAMB UTME - Commerce - 2005 Subject: Commerce

Question 1 Report

A major disadvantage of the privatization policy is that?
Answer Details
One major disadvantage of the privatization policy is that the government would lose control of the economy. This means that private companies and individuals would have more power over key sectors such as healthcare, education, and utilities, which could result in higher costs and reduced access for the general public. Additionally, private companies may prioritize profit over public interest, which could lead to lower quality services and products. Overall, privatization could lead to a less equitable and less regulated economy.
Read lesson note on Government Policies Relating To Business (WAEC)
Read lesson note on Introduction To Business Management (WAEC)
Read lesson note on Commerce (JAMB)
View Answer

Related Questions

1

To increase the supply of money in a country, the central bank has to?
2

The excess of the assets over the liabilities of a business is called?
3

The fixed and current assets of a business are called?
4

The major participants in the stock market when stock prices are rising generally are the?
5

One advantage of a crossed cheque is that it can?
6

Given: Sales...........................N15 000 Opening stock...................N5 600 Purchases.......................N9 700 Closing stock......................
7

A good financial instrument which serves as a hedge against inflation is?
8

Invisible imports consist 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