JAMB Economics 2008 Objective — Question 2
Question 2 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2008 Objective paper, with the correct answer and a full explanation.
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The deregulation of telecommunication services in Nigeria is a characteristic of
- A. command economy
- B. traditional economy
- C. market economyCorrect
- D. feudal economy
Explanation
Deregulation is an attempt to remove governmental control over the operation of a sector of an economy. This is a characteristic of a market economy where individuals own and control means of production and distribution.
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