JAMB Government 2007 Objective — Question 17

Question 17 of 50 from the Joint Admissions and Matriculation Board (JAMB) Government 2007 Objective paper, with the correct answer and a full explanation.

According to Karl Marx, the mode of production that precedes capitalism is

A. mercantilism
B. feudalismCorrect
C. socialism
D. communalism

Explanation

Marx held that capitalism is preceded immediately by feudalism, an economic system based on land ownership, while capitalism is based on private ownership of the means of production.

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