Which of the following activities of government precludes the existence of a market economy?

Economics

JAMB 1978

A. The imposition of taxes
B. The control of the location of industry
C. The central planning of production
D. The fixing of maximum price for all necessities
E. The establishment of law requiring the registration of business firms

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Correct Answer: Option C

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Which of the following activities of government precludes the existence of a market economy?

Correct Answer: Option C

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