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JAMB - Economics (2012 - No. 2)

The privatization of public enterprises will lead to efficient management of resources in the economy.
This statement can best be described as
normative reasoning
inductive reasoning
deductive reasoning
positive reasoning

Paliwanag

Inductive reasoning is a type of logical thinking that involves forming generalizations based on specific incidents you've experienced, observations you've made, or facts you know to be true or false. 

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