The deregulation of telecommunication services in Nigeria is a characteristic of
-
A.
command economy -
B.
traditional economy -
C.
market economy -
D.
feudal economy
Correct Answer: Option C
Explanation
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.