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

Assessment: JAMB UTME - Government - 2008 Subject: Government

Question 1 Report

An economic system that encourages even distribution of wealth in the society is
Answer Details
An economic system that encourages even distribution of wealth in the society is socialism. In a socialist system, the government owns and controls the major means of production and distribution, and the wealth generated is shared equally among all members of the society. This is in contrast to capitalism, where the means of production are privately owned and the distribution of wealth is determined by market forces.
Read lesson note on Political Ideologies (JAMB)
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