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JAMB Economics 2008 Question 2

Question 2

Economic Systems

The deregulation of telecommunication services in Nigeria is a characteristic of

  1. A.command economy
  2. B.traditional economy
  3. C.market economy
  4. D.feudal economy
Show the answer and explanation

Answer: C (market economy)

Explanation

Deregulation removes government controls and lets private firms compete, which is a feature of a market economy.