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WAEC Government 2004 Question 12

Question 12

Political Ideologies

A system of government which is based on the public ownership of means of production and distribution is called

  1. A.welfarism
  2. B.socialism
  3. C.feudalism
  4. D.authoritarianism.
Show the answer and explanation

Answer: B (socialism)

Explanation

Socialism places the means of production and distribution under public (state) ownership.