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An open market economy is a unique feature of

Government
WAEC 2011

An open market economy is a unique feature of

  • A. welfarism
  • B. socialism
  • C. feudalism
  • D. capitalism
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Correct Answer: Option D
Explanation

An open  market economy, also known as a free enterprise system or capitalism, is an economic system wherein goods and services are exchanged freely on an open market.

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