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Africa's Economic Systems

Economics12 CardsCreated 4 months ago

This deck covers the economic systems of South Africa, Nigeria, and Kenya, focusing on their economic structures, government control, and challenges.

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What kind of economic system does South Africa have?

Mixed leading towards Market

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Key Terms

Term
Definition

What kind of economic system does South Africa have?

Mixed leading towards Market

What kind of economic system does Nigeria have?

Mixed: Has the largest economy in Africa

What kind of economic system does Kenya have?

Mixed: high levels of competition leading to Market

What do private citizens and companies decide in South Africa?

Opening more and more businesses; government is giving more and more control to citizens .................

What do private citizens and companies decide in Nigeria?

Free to own property and start their own businesses

What do private citizens and companies decide in Kenya?

Free to own property and start their own businesses;; corruption has casued laws to not be fairly enforced

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Africa's Economic Systems
TermDefinition

What kind of economic system does South Africa have?

Mixed leading towards Market

What kind of economic system does Nigeria have?

Mixed: Has the largest economy in Africa

What kind of economic system does Kenya have?

Mixed: high levels of competition leading to Market

What do private citizens and companies decide in South Africa?

Opening more and more businesses; government is giving more and more control to citizens .................

What do private citizens and companies decide in Nigeria?

Free to own property and start their own businesses

What do private citizens and companies decide in Kenya?

Free to own property and start their own businesses;; corruption has casued laws to not be fairly enforced

What does the government control in South Africa?

Postal Service; some oil and gas companies; some of the communication network; some healthcare

What does the government control in Nigeria?

Oil and Agriculture

What does the government control in Kenya?

Mining, banking, oil, ___refining___________________ and electricity

What are the economic struggles in South Africa?


Still feeling the affects of Apartheid; poverty, crime, and unemployment

What are the economic struggles in Nigeria?

Moving away from strict military control, working on providing greater access to electricity, improving roads, and increasing agriculture


What are the economic struggles of Kenya?

Gov corruption; drought negatively impacts agriculture industry, terrorism hurts tourism industry