Based on the description provided, Nigeria could BEST be categorized as a Mixed economy. This is because the country allows for private enterprise and individual choice in business and careers, while also having significant government involvement in certain sectors, such as regulation and ownership in the oil industry, and the imposition of tariffs on imports.
In Nigeria, people can open their own businesses, choose their careers and job paths, and can purchase a wide array of consumer goods. However, the national government institutes tariffs on imported goods, has a significant share in the oil industry, and regulates much of the country's industry. Based on this description, Nigeria could BEST be categorized as a ___ economy. Responses (1 point) Responses Command Command Market Market Mixed Mixed Traditional
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