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GOVERNMENT

JAMB 2008 - Question 22

Government 2008 JAMB Past Questions - Question 22: An economic system that encourages even distribution of wealth in the society is

Choose the correct answers from the options given.

An economic system that encourages even distribution of wealth in the society is

A: liberalism

B: socialism

C: mercantilism

D: capitalism

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Correct Answer

Explanation

Socialism is an economic system that encourageeven distribution of wealth in the society. Socialism is the system ofgovernment in which there is a public ownership of production and theestablishment of a society in which every person is equal.