Economic Systems

Topic 1 of 3 in the JAMB Economics syllabus.

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What this topic covers

  • (i) compare the various economic systems;
  • a. Types and characteristics of free
  • (ii) apply the knowledge of economic enterprise, centrally planned systems to contemporary issues in and mixed economies
  • Nigeria
  • b. Solutions to economic problems under
  • (iii) proffer solutions to economic problems different systems in different economic systems.
  • c. Contemporary issues in economic systems
  • Economics
  • TOPICS/CONTENTS/NOTES OBJECTIVES (economic reforms e.g deregulation, banking sector consolidation, cash policy reform).
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Source: official JAMB UTME Economics syllabus (IBASS, jamb.gov.ng). Reproduced for study use. Last checked: 17 Sept 2026.

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