A government policy that encourages transfer of ownership fr…

JAMB Commerce 2023 49 views

A government policy that encourages transfer of ownership from foreigners to indigenes of the country is known as

  1. nationalisation
  2. privatisation
  3. indigenisation ✓
  4. commercialisation

Explanation

This answer correctly describes the business or trade concept. Commerce deals with buying, selling, and business operations.

The other options relate to different aspects of business or trade. They aren’t the best answer here.

Understanding this helps you grasp how businesses operate and how trade happens.

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