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WAEC Government 2018 Question 4

Question 4

Political Ideologies

A political system in which the state owns and controls the major means of production is known as

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

Answer: B (socialism.)

Explanation

Under socialism the major means of production are owned and controlled by the state.