A system of government which is based on public ownership of means of production and distribution is called

Assessment: WAEC SSCE - Government - 2017 (Objective) Subject: Government

Question 1 Report

A system of government which is based on public ownership of means of production and distribution is called
Answer Details
A system of government which is based on public ownership of means of production and distribution is called socialism. In this type of system, the resources and industries that drive the economy, such as factories, farms, and transportation, are owned and controlled by the government rather than by private individuals. The goal of socialism is to distribute wealth and resources more equally among the population and provide for the basic needs of all citizens.
Read lesson note on Political Ideologies (JAMB)
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