WAEC Government 2011 Objective — Question 27
Question 27 of 45 from the West African Examinations Council (WAEC) Government 2011 Objective paper, with the correct answer and a full explanation.
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An open market economy is a unique feature of
- A. A. welfarism
- B. B. socialism
- C. C. feudalism
- D. D. capitalismCorrect
Explanation
An open market economy is one in which individuals are free to undertake any commercial or business activity, with free entry and free exit - a unique feature of capitalism.
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