The deregulation of telecommunication services in Nigeria is a characteristic of

  • A command economy
  • B traditional economy
  • C market economy
  • D feudal economy
jamb 2008economics

The correct answer is C. market economy

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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