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

By: |Published on: Nov 23|Categories: Government JAMB| 0 comments

A. liberalism
B. socialism
C. mercantilism
D. capitalism

Correct Answer:

Option B – socialism

Explanation

socialism an economic system that encourages even distribution of wealth in society.

Socialism is the system of government in which there is public ownership of production and the establishment of a society in which every person is equal.

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