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WAEC Government 2007 Question 10

Question 10

Political Ideologies

Which of the following is a feature of capitalism?

  1. A.Removal of social inequalities
  2. B.Equitable re-distribution of property
  3. C.Maximization of profit
  4. D.Protection of workers.
Show the answer and explanation

Answer: C (Maximization of profit)

Explanation

The profit motive drives production in a capitalist economy.