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

Economics JAMB 1978

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

  • The imposition of taxes
  • The control of the location of industry
  • The central planning of production checkmark
  • The fixing of maximum price for all necessities
  • The establishment of law requiring the registration of business firms

The correct answer is: C

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