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 government-owned businesses, there is less incentive to work hard because there is no competition and no financial reward for doing so. Employees are not motivated to improve productivity or innovate since their salaries are not tied to the success or failure of the company. As a result, the overall performance and efficiency of the business tend to suffer, and the quality of goods may also be lower.

In Countries Where Businesses Are Government Owned