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Capitalism Is An Economic System In Which? - Erudites Academy

Capitalism is an economic system in which?

by | Jul 18 | Government WAEC | 0 comments

A. the economy of the state is centrally planned and controlled
B. private persons are permitted to undertake enterprises
C. accumulation of private property is forbidden
D. the means of production are owned and controlled by the state
E. all big industries and land are publicly owned for the common good

Correct Answer:

Option B – private persons are permitted to undertake enterprises

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