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In Nigeria; Unemployment Can Be Minimized Through ______? - Erudites Academy

In Nigeria; unemployment can be minimized through ______?

by | Oct 21 | Economics JAMB | 0 comments

A. Diversification of the economy
B. Strict immigration law
C. Paying unemployment benefits
D. Restrictive fiscal policy

Correct Answer:

Option A – Diversification of the economy

Explanation

Economic diversification is the process of shifting an economy away from a single income source toward multiple sources from a growing range of sectors and markets. Traditionally, it has been applied as a strategy to encourage positive economic growth and development.

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