by Sunday | Nov 14 | Government WAEC
A. fascism B. feudalism C. communalism D. welfarism Correct Answer: Option A A. fascism Explanation Socialism is a political and economic system in which most forms of economically valuable property and resources are owned or controlled by the public or the state. The...
by Sunday | Nov 14 | Government WAEC
A. welfarism B. socialism C. feudalism D. capitalism Correct Answer: Option D D. capitalism Explanation An open market economy, also known as a free enterprise system or capitalism, is an economic system wherein goods and services are exchanged freely on an open...
by Sunday | Nov 14 | Government WAEC
A. hierarchical land ownership between the lords and the serfs B. private ownership of the means of production and distribution C. separation of powers D. fusion of powers Correct Answer: Option A A. hierarchical land ownership between the lords and the serfs...
by Sunday | Nov 14 | Government WAEC
A. Lords B. Serfs C. Knights D. Nobles Correct Answer: Option B B. Serfs Explanation Serfs A member of the lowest feudal class, legally bound to a landed estate and required to perform labor for the lord of that estate in exchange for a personal allotment of...
by Sunday | Nov 14 | Government WAEC
A. class division B. the need of individual C. human capital D. division of labour Correct Answer: Option B B. the need of individual Explanation communism is advocacy of a classless society in which private ownership has been abolished and the means of production and...