Economic Systems of Nigeria & South Africa

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Presentation transcript:

Economic Systems of Nigeria & South Africa

Nigeria Type of Economic System: Mixed (mostly command) Command Market Economy focuses on exporting OIL! Corrupt government keeps the economy from becoming better Most Nigerians live in poverty and suffer from famine

South Africa Type of Economic System: Mixed (mostly market) Command Market Most developed economy in Africa! Economy focuses on exporting DIAMONDS, found through mining White population is still much wealthier than the black population …… **This is a result of APARTHEID**