JAMB Economics 2009 Objective — Question 3
Question 3 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2009 Objective paper, with the correct answer and a full explanation.
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The privatization exercise in Nigeria is a move towards
- A. a mixed economy
- B. subsistence economy
- C. market economyCorrect
- D. command economy
Explanation
Market economy is the one characterized with individual ownership of factors of production. Privatization is therefore a move towards a market economy.
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