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 – market economy

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.