How are the economy systems of Nigeria and South Africa similar to all that apply hey both countries have a Miss economy system be both countries enjoyed a modern i n f r a s t r u c t u r e c both countries have economic systems are well organized natural resource are an import commodity for both countries eat both countries help overcome corruption to form strong economies
Based on the information provided, the economy systems of Nigeria and South Africa are similar in terms of the following aspects:
1. Mixed Economy: Both countries have a mixed economy system. This means that they combine elements of both capitalism and socialism, with a mix of private and public ownership of businesses and resources.
2. Modern Infrastructure: Both countries have a relatively developed and modern infrastructure. This includes transportation networks, communication systems, and other essential facilities that support economic activities.
3. Well-Organized Economic Systems: Both Nigeria and South Africa have well-organized economic systems in place. They have established institutions, policies, and regulations to govern economic activities and ensure some level of stability.
4. Natural Resource Dependence: Both countries heavily rely on natural resources as a significant component of their economies. Nigeria is well known for its oil reserves, while South Africa has significant mineral resources like gold, platinum, and diamonds.
5. Overcoming Corruption: Both countries have taken measures to combat corruption and promote transparency in their economies. This is necessary to build strong economies and attract domestic and foreign investments.
It is important to note that while Nigeria and South Africa share some similarities in their economy systems, there are also significant differences between the two countries in terms of size, GDP, industrial composition, and economic challenges they face.