In Nigeria, unemployment can be minimized through______?
ECONOMICS
JAMB 2016
In Nigeria, unemployment can be minimized through______?
- A. Diversification of the economy
- B. Strict immigration law
- C. Paying unemployment benefits
- D. Restrictive fiscal policy
Correct Answer: A. Diversification of the economy
Explanation
Economic diversification is the process of shifting an economy away from a single income source toward multiple sources from a growing range of sectors and markets. Traditionally, it has been applied as a strategy to encourage positive economicgrowth and development.
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