JAMB Government 2008 Question 22

Question 22

Political Ideologies

An economic system that encourages even distribution of wealth in the society is

  1. A.liberalism
  2. B.socialism
  3. C.mercantilism
  4. D.capitalism.
Show the answer and explanation

Answer: B (socialism)

Explanation

Socialism aims to share wealth fairly through public ownership of the main means of production.