Categories: Commerce WAEC

The difference between commercialization and privatization is that commercialized businesses?

A. are government-owned while privatized businesses are owned by individuals
B. are non-profit making ventures while privatized businesses are profit oriented
C. can sell shares while privatized businesses cannot
D. employs more workers than privatized businesses

Correct Answer:

Option A – are government-owned while privatized businesses are owned by individuals

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