mixed economy
It is the process we use to consume goods. actually in the Nigerian economy, capitalism is being practiced in paper while in the real context, Nigeria practives mixed economy because the key sectors of the economy like Oil, power, etc are being owned and handled by the government. For now nigeria has adopted many measures to transit from a mixed economic system to a capitalist economy such as the privatisation and comercialization of the Electric sector, Deregulation of the oil sector, etc. CONTRIBUTION BY AFOMACHUKWU OKAFOR ECONOMICS DEPT. ESUT
Mixed economy. Free enterprise mixed with government ownership. Ever since Malta entered the European Union, the economy is moving further away from government ownership and towards privatisation.
Why did Canada choose a mixed economy? 1980 US president, Ronald Reagan, supported less government in the economy to reduce government spending and regulation of corporations. Canadian prime minister, Brian Mulroney, fallowed Reagan's example and fought for the shift right (less government involvement in the economy) in the economy in 1984. Ever since than there has been shift lefts and shift rights everywhere. therefore, Canada is a Mixed economy :)
It would be Traditional economy because command economy would sort of be like Cuba and mixed economy would be like us (The United States).
Algeria has a mixed economy that is slightly closer to command than market
It is the process we use to consume goods. actually in the Nigerian economy, capitalism is being practiced in paper while in the real context, Nigeria practives mixed economy because the key sectors of the economy like Oil, power, etc are being owned and handled by the government. For now nigeria has adopted many measures to transit from a mixed economic system to a capitalist economy such as the privatisation and comercialization of the Electric sector, Deregulation of the oil sector, etc. CONTRIBUTION BY AFOMACHUKWU OKAFOR ECONOMICS DEPT. ESUT
They like money
Mixed economy. Free enterprise mixed with government ownership. Ever since Malta entered the European Union, the economy is moving further away from government ownership and towards privatisation.
Why did Canada choose a mixed economy? 1980 US president, Ronald Reagan, supported less government in the economy to reduce government spending and regulation of corporations. Canadian prime minister, Brian Mulroney, fallowed Reagan's example and fought for the shift right (less government involvement in the economy) in the economy in 1984. Ever since than there has been shift lefts and shift rights everywhere. therefore, Canada is a Mixed economy :)
Nigeria's government today is authoritarian.I hope that helped!
yes great Britain has mixed economy(more in past than now). The economy is mixed because business are allowed to decide how they control their finances and transport is owned by coropations but services like health care and education are paid for by the government.
It would be Traditional economy because command economy would sort of be like Cuba and mixed economy would be like us (The United States).
Probably fraud like everything else involved with Nigeria.
nigeria was like a contry but not organised didn't have enough resources
A Mixed Economy, like the U.S.
Algeria has a mixed economy that is slightly closer to command than market
A mixed economy combines elements of both capitalism and socialism, allowing for private enterprise alongside government regulation. For example, in a mixed economy, the government might control essential services like healthcare while encouraging private businesses to operate in other sectors. This balance aims to harness the benefits of free market competition while ensuring social welfare. Ultimately, a mixed economy seeks to promote economic growth while addressing inequality.