Examlex
Analyze the politics and economics of Nigeria and India. Why has India been more successful, both politically and economically, than Nigeria, despite lacking natural resources?
Markets
Places or systems where buyers and sellers interact to trade goods, services, or resources.
Free Enterprise
An economic system where private individuals rather than the government have the right to own property and conduct businesses, subject to minimal regulatory constraints.
Laissez-Faire
A belief system in economics that supports capitalism with minimal to no government interference.
Market System
An economic system in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.
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