WAEC - Commerce (2015 - No. 45)
which of the following is a reason for failure of public corporations
legal requirement
inadequate funding
political stability
lack of competion
Giải thích
Public sector failure occurs when government intervention in the economy leads to an inefficient allocation of resources and leads to an overall decline in economic welfare. Government failure can occur for various reasons, such as. Lack of profit incentive in the public sector.