Under what system of government does the states require ownership and control of the means of production for its use in benefiting the population?

Assessment: WAEC SSCE - Government - 1988 (Objective) Subject: Government

Question 1 Report

Under what system of government does the states require ownership and control of the means of production for its use in benefiting the population?
Answer Details
The system of government that requires ownership and control of the means of production for the benefit of the population is socialism. Under socialism, the means of production, such as factories, land, and resources, are owned and controlled by the state or by the people collectively. This is done in order to ensure that the wealth generated from these resources is distributed fairly and equitably among the population, rather than being concentrated in the hands of a few individuals or corporations. In a socialist system, the state may also provide various social services, such as healthcare and education, to ensure that everyone has access to basic needs.

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