JAMB - Economics (2008 - No. 1)
The deregulation of telecommunication services in Nigeria is a characteristic of
command economy
traditional economy
market economy
feudal economy
Wyjaśnienie
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.