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 profit of a monopolist can be eliminated where price equals ...
One of the factors affecting change in demand for a commodity is the _______? ...
An economy in which the whole income is not consumed is referred to as______ ...
Disposable income in national income accounting is an income which ...
The demand curve for a commodity is downward sloping because the consumer will pay ...
In a rapidly growing economy, a change in technology which is labour saving is likely to cause ...
The wages of a group of workers in dollars is stated below; 40, 30, 70, 20, 60, 10, 10, 80, 30, a...
In a free market economy, wages are determined by ...
Which of the following will NOT be a barrier to international trade? ...