Skip to content
MathsGenie logo
Open app

Course home

  1. A Level
  2. Economics Edexcel A
  3. Question bank

1.1 Nature of economics

EasyMediumHard
123456789101112131415161718192021222324
Question 12

In a landmark departure from its state-monopoly model, the Ethiopian government has liberalized its telecommunications sector, ending the exclusive dominance of state-owned Ethio Telecom. By licensing private multinational consortia, the state now permits independent operators to establish their own cellular networks and launch mobile financial services. Proponents of market-led reforms argue that this transition will accelerate high-speed network expansion in remote regions, lower data tariffs through competition, and spur localized mobile-app innovation.

With reference to the information provided, explain one advantage of a free market economy.

[4]

1.1 Nature of economics Questions

  1. A Level
  2. /Economics
  3. /1.1 Nature of economics