The privatization exercise in Nigeria is a move towards a...
The privatization exercise in Nigeria is a move towards a
Mixed economy
Subsistence economy
Market economy
Command economy
Correct answer is C
Privatization is geared towards a market economy in which economic decisions and the pricing of goods and services are determined by the supply and demand of goods and services. In this market economy, private individuals are major players and are actively involved in the production process.
The Nigerian economy is mono-cultural because government revenue is derived mainly from ...
Distribution is part of production because it ...
Corrections in the GNP figures for price changes require the use of a ...
The difference between demand and wants is in the ...
The current industrial development strategy in Nigeria is aimed at encouraging ...
The age distribution of a country's population is of economic importance because it affects the ...