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What is the role of government in a mixed economy like nigeria?
Wiki User
∙ 11y ago
mixed economy
Wiki User
∙ 11y ago
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What strategies is Nigeria adopting to transit from a mixed economy to capitalist 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
What is the economy of Malta like?
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 is the Canadian economy identified as a mixed market economy?
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 :)
Does Peru use free market economy command economy or 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).
What type of economic system does Tunisia have?
Algeria has a mixed economy that is slightly closer to command than market
What strategies is Nigeria adopting to transit from a mixed economy to capitalist 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
What do government pay for mixed economy?
They like money
What is the economy of Malta like?
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 is the Canadian economy identified as a mixed market economy?
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 :)
What is Nigeria's government like?
Nigeria's government today is authoritarian.I hope that helped!
Is Great Britain a mixed economy?
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.
Does Peru use free market economy command economy or 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).
The role of insurance in Nigeria economy?
Probably fraud like everything else involved with Nigeria.
What was Nigeria's economy like before the discovery of crude oil?
nigeria was like a contry but not organised didn't have enough resources
What type of economy is Portugal?
A Mixed Economy, like the U.S.
What type of economic system does Tunisia have?
Algeria has a mixed economy that is slightly closer to command than market
Why should New Zealand have a mixed economy?
Most Western style nations have what is called a mixed economy. New Zealand as per the question has one as well. The purpose of a mixed economy is to combine private enterprise and government projects within the economy to maximize the economy's health. For example: In the USA the government is a source of small business loans. This is based on the belief that this sector of the economy is a valuable one and if a small business has a problem getting bank loans, the government can help with some lending. In the USA and other countries like New Zealand, the government owns substantial amounts of land. It may grant private industry to purchase some of it or the government can lease the land in order to produce sources of energy. Thus the government and the private sector work together to benefit the economy and its people. A mixed economy can also enhance the education sector of the economy by providing student loans and by funding public universities.
