Is Nigeria a traditional economy?
Is Nigeria a traditional economy? One common characteristic of traditional economies in Nigeria is the presence of markets, a location where buyers and sellers meet to buy and sell goods. All societies of Sub- Saharan Africa have such markets where goods are sold either on daily basis or otherwise. What type of economic system does Nigeria have? Nigeria has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Nigeria is a member of the Economic Community of West African States (ECOWAS). What is the main source of economy in Nigeria?...