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GOVERNMENT

JAMB 2006 - Question 15

Government 2006 JAMB Past Questions - Question 15: A major merit of privatization is that it increases

Choose the most appropriate option for the gap .

A major merit of privatization is that it increases

A: industrial harmony

B: activities on the stock exchange

C: public fiscal resources

D: labour turnover

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Correct Answer

Explanation

A major merit of privatization is that it increases public fiscal resources. Privatization is a process of transferingownership and control of companies, industries, corporations, etc, from publicto private sector. Privatization generates more fund and then revamps the economy as well as development of ruralareas. Through privatization, the corporations or enterprises will be managedand organised more efficiently for the overall benefit of the masses orconsumers.