WAEC Economics 2019 Objective — Question 4
Question 4 of 50 from the West African Examinations Council (WAEC) Economics 2019 Objective paper, with the correct answer and a full explanation.
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The desire for profit is a major feature of
- A. a traditional economy
- B. a mixed economy
- C. a market economyCorrect
- D. a command economy
Explanation
The market (capitalist) economy focuses mainly on enriching providers of capital, so profit maximization is the main driving focus of a market economy.
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