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JAMB Economics 2013 Question 2

Question 2

Economic Systems

An economy in which both the public and private sectors contribute to economic growth is a

  1. A.feudal economy.
  2. B.capitalist economy.
  3. C.socialist economy.
  4. D.mixed economy.
Show the answer and explanation

Answer: D (mixed economy.)

Explanation

A mixed economy combines private enterprise and government enterprise.