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WAEC Government 2002 Question 24

Question 24

Political Ideologies

Which of the following allows the concentration of wealth in private hands?

  1. A.Fascism
  2. B.Capitalism
  3. C.Feudalism
  4. D.Socialism.
Show the answer and explanation

Answer: B (Capitalism)

Explanation

Capitalism is based on private ownership of the means of production, so wealth gathers in private hands.