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A disadvantage of privatization is that

Commerce
WAEC 2025

A disadvantage of privatization is that

  • A. there is inefficiency in the supply of goods
  • B. the existence of monopoly is high
  • C. the profit motive outweighs public interest
  • D. there is reduction in the quality of goods
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Correct Answer: Option C
Explanation

A disadvantage of privatization is that the profit motive outweighs public interest. This is because private companies are
primarily driven by profit. As a result, they may neglect the public interest in favor of actions that increase their profits.
For example, they may increase prices, reduce quality, or cut corners in ways that harm the public.


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Post UTME Past Questions Agent
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076