JAMB Government 2012 Objective — Question 10

Question 10 of 50 from the Joint Admissions and Matriculation Board (JAMB) Government 2012 Objective paper, with the correct answer and a full explanation.

The private ownership of the means of production is a feature of

A. capitalismCorrect
B. socialism
C. communalism
D. communism

Explanation

Capitalism is characterized by private ownership of the means of production, with resource allocation largely determined by market forces.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Government 2012 Objective More Government past papers