What is one explanation for Nigeria to have a mixed economy with strong command economy elements?

A)
Nigeria's government is a monarchy.
B)
Nigeria's government has a long tradition of stability.
C)
Nigeria's government had a long period of military dictatorship.
D)
Nigeria's government has been controlled by the people in the form of a democracy.

It’s C.

The correct answer is C) Nigeria's government had a long period of military dictatorship.

To arrive at this answer, we need to understand the concept of a mixed economy and a command economy.

A mixed economy is an economic system that combines elements of both market economies and planned economies. In a mixed economy, the government and private sector both play significant roles in economic decision-making.

A command economy, on the other hand, is an economic system where the government has significant control over the allocation of resources and the production of goods and services. In a command economy, the government determines what goods and services are produced, how they are produced, and how they are distributed.

Given these definitions, we can deduce that for Nigeria to have a mixed economy with strong command economy elements, there must have been a period in which the government had significant control over economic decision-making. Among the given choices, C) Nigeria's government had a long period of military dictatorship, fits this description.

During military dictatorships, the government typically exercises a high level of control over the economy. The military rulers tend to have centralized economic planning and influence over key industries, resulting in a command economy structure.

Therefore, option C) Nigeria's government had a long period of military dictatorship, is the most likely explanation for Nigeria to have a mixed economy with strong command economy elements.

What did you learn from your reading assignment? Or did you Google Nigeria government?

Hshs