In countries where businesses are government owned,
A) there is less incentive to work hard.
B) the right amount of each good is produced.
C) profits tend to be higher.
D) the quality of goods is high but profits are low.

Question

Quizplus · Accepted Answer

In countries where businesses are government owned, there is less incentive to work hard as there is less competition and the profits are not directly tied to the performance of the workers. This can result in a lack of motivation to produce quality products and provide efficient services.

In Countries Where Businesses Are Government Owned