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WAEC Government 2003 Question 4

Question 4

Political Ideologies

As a political ideology, capitalism seeks to

  1. A.encourage collective ownership of property
  2. B.stimulate individual enterprise
  3. C.eliminate social and economic inequalities
  4. D.make the rich, richer and the poor, poorer.
Show the answer and explanation

Answer: B (stimulate individual enterprise)

Explanation

Capitalism is built on private ownership and free individual enterprise for profit.