The public sector of an economy includes
...The public sector of an economy includes
Cooperative societies
Nationalized industries
Joint stock companies
Pressure groups
Correct answer is B
The public sector is made up of the part of an economy that is controlled by the state or government and this include nationalized industries.
Nationalized industries are formerly private owned companies that were converted to government owned industries. Nationalization or nationalisation, is the process of transforming private assets into public. Since nationalized industries are state owned, the government is responsible for meeting any debts.
Government expenditure on universal basic education and subsidy on agriculture are aimed at ...
The demand curve for a commodity is downward sloping because the consumer will pay ...
All economic systems must decide what to produce because ...
Which of the following best describes capital as a factor of production? ...
A monopolist has the power to influence the prices of goods and services. Therefore, he is a ...
An entrepreneur is encouraged to adopt division of labour in production because it ...
When the marginal product is negative, the total product will be ...
The deregulation of the petroleum sector in Nigeria will bring about ...