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JAMB Economics 2016 Paper
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© africaexams.com
Question : 33
Total: 49
One of the characteristics of private enterprises is ______?
Provision of welfare to the citizens
That tax payers bear all the risks
Public ownership of shares
Individual funding of business activities
Validate
Solution:
characteristics
of the
private enterprise
system:
Private
ownership of property.
Entrepreneurship.
Consumer independence.
Market forces (competition, supply and demand, profit motive)
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