Question

Nigeria
Publically owned transportation services
Crude oil is the major industry
United States and the United Kingdom are the largest trading partners
Weak private sector due to high governmental regulations

South Africa
Very diverse economy
Well capitalized banking system and abundant natural resources
Has developed regulatory systems and a research and development capabilities
Has established a strong private manufacturing industry

Which country has the more pure market economy?
A) Nigeria
B) South Africa
C) Both countries
D) Neither country

Answer 1

this is tricky

Answer 2

yes it is

Answer 3

ok so lets remember that A market economy is an economy in which decisions regarding investment, production, and distribution are based on market determined supply and demand, and prices of goods and services are determined in a free price system.

Answer 4

Got that

Answer 5

WELCOME TO OSSSSSSSSSS !!!!

Answer 6

i South Africa

Answer 7

hmmm im leaning towards south africa because of the fact that it is not as reliant on the government and it has a well capitalized banking system

Answer 8

that is my opinion on this

Answer 9

thx its right

Answer 10

http://www.southafrica.info/business/economy/econoverview.htm#.VvHDq3jMwUU maybe this holds a key to something lol idk

Answer 11

what grade you in

Answer 12

freshman

Answer 13

hbu?

Answer 14

please close this question thanks :)