WAEC Government 2017 Question 5

Question 5

Political Ideologies

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

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

Answer: A (socialism.)

Explanation

Under socialism the state or community owns the major means of production and distribution.