One of the following reasons explains why government enters into business.
A. Employment of quality human resource
B. Production of cheap goods
C. Maximizing profit
D. Provision of essential goods and services
The popularity of sole businesses in Ghana is due to the fact that
A. it is the best for the Ghanaian economy
B. financial requirement is manageable
C. they have limited liability
D. it is the only business with little risk
Answer (2)
The government enters into business mainly for the provision of essential goods and services. Sole businesses in Ghana are popular because they have manageable financial requirements, enabling more individuals to start their own businesses. ;
The government primarily enters business to provide essential goods and services. In Ghana, sole businesses are popular because their financial requirement is manageable for individual entrepreneurs.
;
