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GOVERNMENT

JAMB 2011 - Question 6

Government 2011 JAMB Past Questions - Question 6: Private ownership of the means of production is central to

Choose the most appropriate option for the gap .

Private ownership of the means of production is central to

A: capitalism

B: communism

C: fascism

D: feudalism.

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Correct Answer

Explanation

Private ownership of the means of production is central to Capitalism.It should be recalled that Capitalism is an economic/political system whereprivate individuals control and own the means of production, exchange anddistribution of goods and services. In this system, the profit controls productionand free competition is allowed