Answer:
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Explanation:
Wealth does not equal income, but people often mistakenly think they're the same thing. Wealth is the net worth of a household, whereas income is what's reported on an income tax return. Being rich isn't about how much money you make or spend — it's about how much money you keep.
Answer:
Nigeria would be best categorized as a mixed economy.
Explanation:
A mixed economy is a system in which a country allows economic freedom and defends private property, but it also permits governmental interference in certain areas with the purpose of assisting in social matters. In a way, a mixed economy puts together characteristics of capitalism as well as socialism, or of market economies and planned economies. From the description in the question, we can easily conclude Nigeria is a mixed economy.
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