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What strategies is Nigeria adopting to transit from a mixed economy to capitalist economy?
Wiki User
∙ 12y ago
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
Wiki User
∙ 12y ago
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Is Ghana a capitalist or socialist economy?
Ghana is a capitalist economy.
Is US a capitalist economy or mixed economy?
Capitalist: wages system,production for profit, class ownership.
Is Uruguay a capitalist or communist economy?
A capitalist economy since its conception.
Is Britain a capitalist or socialist economy?
true
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