JAMB Government 2011 Objective — Question 13

Question 13 of 49 from the Joint Admissions and Matriculation Board (JAMB) Government 2011 Objective paper, with the correct answer and a full explanation.

In a socialist economy, private accumulation of wealth is

A. A. limitedCorrect
B. B. encouraged
C. C. prohibited
D. D. regulated

Explanation

In a socialist economy, accumulation of wealth is drastically reduced and limited.

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