A. welfarism
B. socialism
C. feudalism
D. capitalism
Correct Answer: Option D
D. capitalism
Explanation
An open market economy, also known as a free enterprise system or capitalism, is an economic system wherein goods and services are exchanged freely on an open market.
This is a List of Courses offered University of Ibadan (UI), established in 1948, stands…
This is a List of all the Courses offered in University of Benin (UNIBEN), located…
This is a List of all the Courses offered in University of Abuja(UNIABUJA), established in…
This is a List of all the Courses in Obafemi Awolowo University (OAU), located in…
This is a List of all the Courses offered in the Nigerian Defence Academy (NDA),…
This is a List of all the Courses offered in Nigeria Police Academy(POLAC), located in…