1. Economies of Nigeria and South Africa
7th Grade Social Studies

2. SS7E1
SS7E1:
The student will analyze different economic systems

3. SS7E1c
SS7E1c
Compare and contrast the economic systems in South Africa and Nigeria

4. South Africa (1) Mixed Economy
Close to a pure market economy (similar to developed countries)
Mixture of private and government-owned businesses

5. South Africa (2) Economy is based on Mining Agriculture
Providing services
manufacturing

6. South Africa (3)
Both the government and the individual citizens have tried to provide services for everyone since the end of apartheid
Large disparity of money between races

7. Nigeria (1) Mixed Economy
Closer to the pure market side of the continuum
Is currently moving to the far right side of the continuum
Mixture of pure and government owned businesses

8. Nigeria (2)
Economy is based on:
Petroleum
Agriculture

9. Nigeria (3)
Ineffective governments over the past few years have affected the country’s growth
High tariffs and high inflation rate have stalled development