JAMB Economics 2021 Objective — Question 22

Question 22 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2021 Objective paper, with the correct answer and a full explanation.

22. Nigerian economy system is a. Capitalism b. Mixed c. Socialism d. Communism

A. Capitalism
B. MixedCorrect
C. Socialism
D. Communism

Explanation

A mixed economy is one where both government and private individuals actively participate in economic activities; Nigeria operates a mixed economy.

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