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JAMB Government 1984 Question 22

Question 22

Political Ideologies

Capitalism often encourages

  1. A.public ownership of all forms of enterprise
  2. B.a centrally planned economy
  3. C.private ownership of the means of production
  4. D.anarchy
  5. E.deconcentration of political and economic powers in the same hands
Show the answer and explanation

Answer: C (private ownership of the means of production)

Explanation

Capitalism rests on private ownership of the means of production and free markets.