WAEC Government 1988 Question 58

Question 58

Political Ideologies

Under what system of government does the state require ownership and control of the means of production for its use in benefiting the population?

  1. A.Capitalism
  2. B.Socialism
  3. C.Feudalism
  4. D.Welfarism
  5. E.Communalism
Show the answer and explanation

Answer: B (Socialism)

Explanation

Socialism places the means of production under state (public) ownership for the benefit of all.