Public enterprises are established mainly to

A. provide basic amenities for the people

B. make goods available in the market

C. make profit for the government

D. compete with foreigners in the industrial sector

One important feature of sole proprietorship is that

A. it is limited liability business

B. the business is owned by shareholders

C. one person bears all the risks

D. it is a legal entity

The maximum amount of money a company is allowed to raise by issuing shares to the public is called

A. paid-up capital

B. fixed capital

C. working capital

D. authorized capital

The consumers co-operative society is owned by

A. a management committee

B. members of the society

C. debenture holders

D. the government

Which of the following is a function of the retailer?

A. provision of storage facilities

B. financing manufacturers

C. stocking variety of goods

D. advertisement of goods

The supply of labour can be influenced by the

A. size of the population

B. stage of economic development

C. size of the country

D. extent of the market

Majority of West African labour force is engaged in

A. industrial production

B. agricultural production

C. mining industry

D. construction industry

Census of population is usually conducted every

A. 20 years

B. 15 years

C. 10 years

D. 7 years

One economic implication of over-population is that it

A. leads to low demand s of goods

B. reduce balance of payment difficulties

C. leads to a fall in per capital income

D. reduce pressure on the available social facilities

Hassan , an economic teacher in Lagos, resigned his appointment and took yup another job as a banker . The The concept here involves

A. occupational mobility of labour

B. horozontal mobility of labour

C. vertical mobility of labour

D. geographical mobility of labour