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GOVERNMENT

JAMB 2009 - Question 33

Government 2009 JAMB Past Questions - Question 33: Collective ownership of property is associated with

Choose the correct answers from the options given.

Collective ownership of property is associated with

A: feudalism

B: communism

C: mercantilism

D: capitalism

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Correct Answer

Explanation

collective ownership of property is associated with communism. it should be noted that communism is a social system wherethe mean: i production, distribution and exchange are completely owned andmanaged by the State. economy is operated centrally individuals have little or opportunityfor private enterprise