The deregulation of telecommunication services in Nigeria is a characteristic of
ECONOMICS
JAMB 2008
The deregulation of telecommunication services in Nigeria is a characteristic of
- A. command economy
- B. traditional economy
- C. market economy
- D. feudal economy
Correct Answer: C. market economy
Explanation
Deregulation is the reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. It is a characteristics of a market economy. A market economy is a system where the laws of supply and those of demand decide the production of goods and services.
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