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Ajụjụ 1 Ripọtì
The fundamental rights of citizens include rights to ___________
Akọwa Nkọwa
The following are the key rights of Nigerian citizens:
- Right to life
- Right to dignity
- Right to personal liberty
- Right to fair hearing
- Right to privacy
- Right to freedom of thought, conscience and religion
- Right to freedom of expression
- Right to freedom of assembly and association
- Right to freedom of movement
- Right to freedom from discrimination
- Right to own property
Ajụjụ 2 Ripọtì
Akọwa Nkọwa
A typical form of delegated legislation is a bye-law. Bye-laws are regulations made by local councils, government departments or other bodies that have been given the power to make them by a higher authority, usually an Act of Parliament. These bye-laws set out specific rules and regulations for a particular area or issue, and help to ensure that the policies set out by the higher authority are carried out effectively at a local level. Bye-laws can cover a wide range of topics, from parking regulations to waste management. They are an important tool for ensuring that the law is applied in a way that is appropriate to local circumstances and needs.
Ajụjụ 3 Ripọtì
A human community that is usually cohesive and homogeneous is a
Akọwa Nkọwa
A human community that is usually cohesive and homogeneous can be referred to as a nation. A nation is a group of people who share a common culture, history, language, and often a common ancestry. They feel a sense of belonging and identity with one another, and consider themselves to be part of the same community. It's important to note that the term "nation" is often used interchangeably with "country," but they are not exactly the same thing. A country is a political entity with defined borders and a government, while a nation is a cultural and ethnic community.
Ajụjụ 4 Ripọtì
The primary function of the judiciary is to ______
Akọwa Nkọwa
The primary function of the judiciary is to interpret laws. In other words, it is the role of the judiciary to determine the meaning and understand the intent behind the laws that have been enacted by the legislative branch of government. The judiciary acts as an independent and impartial body that resolves legal disputes and ensures that the laws are applied fairly and consistently. This helps to maintain a stable and just society by providing a fair and impartial system for resolving disputes and interpreting the law.
Ajụjụ 5 Ripọtì
In the old Oyo empire, the Ajele
Akọwa Nkọwa
In the old Oyo empire, the Ajele were responsible for ensuring the good governance of the district and ensuring the safety of the trade routes. They were not responsible for mobilizing the army or being the head of the army. The Ajele were appointed by the Alaafin (the king of the Oyo empire) to serve as his representatives in the provinces. They were responsible for overseeing the administration of the district, including the collection of taxes, settling disputes, and maintaining law and order. They were also responsible for protecting the trade routes within their district, which were crucial for the economic well-being of the empire. The Ajele played an important role in maintaining the stability and prosperity of the Oyo empire.
Ajụjụ 6 Ripọtì
In 1991, the African Economic Community Treaty was signed in
Akọwa Nkọwa
The African Economic Community (AEC) is an organization of African Union states establishing grounds for mutual economic development among the majority of African states. The AEC founded through the Abuja Treaty, signed in 1991 and entered into force in 1994 is envisioned to be created in six stages:
- (to be completed in 1999) Creation of regional blocs in regions where such do not yet exist
- (to be completed in 2007) Strengthening of intra-REC integration and inter-REC harmonisation
- (to be completed in 2017) Establishing of a free trade area and customs union in each regional bloc
- (to be completed in 2019) Establishing of a continent-wide customs union (and thus also a free trade area)
- (to be completed in 2023) Establishing of a continent-wide African Common Market (ACM)
- (to be completed in 2028) Establishing of a continent-wide economic and monetary union (and thus also a currency union) and Parliament
Ajụjụ 7 Ripọtì
Unicameral legislatures are popular in
Akọwa Nkọwa
Unicameral legislatures are most popular in countries that have a unitary system of government. A unitary system is a type of government where power is centralized in a single governing body, with lower levels of government, such as provinces or states, having little autonomy. In this type of system, a unicameral legislature, which means a legislature with only one chamber or house, is often sufficient to represent the entire population and make decisions on their behalf. On the other hand, in a federal system of government, power is divided between a central government and multiple regional or state governments, which means a bicameral (two-chamber) legislature is often used to represent the different levels of government. In a confederal system, power is even more decentralized, with individual states or regions having more autonomy than in a federal system, which means a unicameral legislature may not be able to adequately represent the interests of all the states or regions. Lastly, the use of a unicameral legislature is not related to the rigidity or flexibility of a government system, but rather to the degree of centralization and autonomy of the lower levels of government.
Ajụjụ 8 Ripọtì
The tenure of the president of the UN Security Council is
Akọwa Nkọwa
The tenure of the President of the United Nations (UN) Security Council is one month. The presidency of the UN Security Council rotates among the 15 members of the Council on a monthly basis, according to the English alphabetical order of their country names. Each member state takes its turn to assume the presidency, which means that each country holds the position for one month throughout the year. During its presidency, the country in charge of the UN Security Council sets the agenda, presides over meetings, and represents the Council in its interactions with other parts of the UN and the wider world. After one month, the presidency is then transferred to the next country in the alphabetical order of member states' names.
Ajụjụ 9 Ripọtì
Political socialization is associated with
Akọwa Nkọwa
Political socialization is a lifelong process by which people form their ideas about politics and acquire political values. The family, educational system, peer groups, and the mass media all play a role.
Ajụjụ 10 Ripọtì
Akọwa Nkọwa
The correct answer is Zenith Bank Plc. A public corporation is a government-owned entity that operates as a business or provides a public service. In Nigeria, examples of public corporations include the Joint Admissions and Matriculation Board (JAMB), the Nigerian Steel Development Authority, and the Nigeria Railway Corporation. However, Zenith Bank Plc is not a public corporation in Nigeria, but a private bank that is owned by shareholders. While it is a highly respected financial institution in Nigeria, it is not owned or controlled by the Nigerian government, and therefore cannot be classified as a public corporation.
Ajụjụ 11 Ripọtì
One major achievement of the Clifford constitution was _________
Akọwa Nkọwa
The Clifford Constitution of 1922 disposed the Nigerian Council of Lord Lugard (1914) and set up a new legislative council for the Southern Protectorate. The membership of the Clifford legislative council was 46. Twenty- seven out of the 46 members were officials while 19 were unofficial members. Ten out of the 19 unofficial members were Nigerians and out of the 10 unofficial Nigerians, 4 were elected, 3 from Lagos and 1 from Calabar. The remaining six were appointed by the governor.
Ajụjụ 12 Ripọtì
Nigeria is a member of____________
Akọwa Nkọwa
Nigeria is a member of ECOWAS, the OAU (now known as the African Union), and the UNO (now known as the United Nations). ECOWAS (Economic Community of West African States) is a regional organization consisting of 15 West African countries, with a mandate to promote economic integration and development in the region. Nigeria is one of the founding members of ECOWAS, and it plays a significant role in the organization's affairs. The OAU (Organization of African Unity) was established in 1963 to promote unity and solidarity among African states and to work towards the decolonization of the continent. The OAU has since been replaced by the African Union, which is a similar organization with a broader mandate. Nigeria was one of the founding members of the OAU and continues to be an active member of the African Union. The UNO (United Nations Organization) is an international organization established in 1945 to promote international cooperation and maintain international peace and security. Nigeria is a member of the UN and has been actively involved in its affairs since gaining independence in 1960. Nigeria is not a member of NATO, the Commonwealth of Nations, or the OAS (Organization of American States). It is, however, a member of OPEC (Organization of Petroleum Exporting Countries), which is a group of 13 oil-producing countries that coordinate their petroleum policies to stabilize oil markets and ensure a regular supply of petroleum to consumers.
Ajụjụ 13 Ripọtì
The operation of the rule of law is abused by the__________
Akọwa Nkọwa
The operation of the rule of law can be abused by the existence of administrative tribunals and special immunities. The rule of law is a principle that ensures that all individuals and institutions, including the government, are subject to and abide by the law. This means that everyone is equal under the law and no one is above it. However, the existence of administrative tribunals and special immunities can undermine the rule of law. Administrative tribunals are independent bodies that make decisions on administrative matters, but they often have the power to bypass the regular legal system. Special immunities are privileges granted to certain individuals or institutions, such as government officials, that allow them to avoid being held accountable for their actions under the law. When these mechanisms are misused, they can allow individuals or institutions to escape accountability for their actions and undermine the rule of law. This can lead to corruption, abuse of power, and a lack of trust in the government and legal system.
Ajụjụ 14 Ripọtì
Which of the following led to the introduction of indirect rule in Nigeria by the British?
Akọwa Nkọwa
The manpower and personnel shortages experienced by the British colonial administration in Nigeria led to the introduction of indirect rule. Indirect rule was a system of governance in which local indigenous leaders were appointed as representatives of the colonial power. This was done because the British did not have enough personnel or manpower to directly govern the diverse and vast territory of Nigeria. By using local leaders, the British were able to maintain control over the region with minimal resources. The system of indirect rule remained in place until Nigeria gained independence in 1960.
Ajụjụ 15 Ripọtì
Based on its objectives, the Organization of African Unity can primarily be classified as
Akọwa Nkọwa
The Organization of African Unity (OAU) can primarily be classified as a political organization. Its main objective was to promote cooperation and solidarity among African states, and to promote their collective self-reliance. The OAU sought to achieve these goals by fostering cooperation and coordination among African countries on political, economic, and social issues. In this sense, it played a key role in promoting peace, stability, and development in Africa, and in advancing the cause of African unity and independence. Therefore, it is primarily a political organization, with a focus on the promotion of African unity and cooperation on political and economic issues.
Ajụjụ 16 Ripọtì
One feature of the federal system of government is that the centre is____________
Akọwa Nkọwa
A federal system of government is a system in which the powers of government are constitutionally shared between the central government and regional units in such a way that each level of government is independent and autonomous. In this system, different tiers of government govern the same citizens, but each tier has its own jurisdiction in specific matters of legislation, taxation and administration. Power is divided between the central, larger government, and the local, regional, or state governments beneath it.
Ajụjụ 17 Ripọtì
One advantage of unwritten constitution is that it___________
Akọwa Nkọwa
One advantage of an unwritten constitution is that it contains customary laws and conventions. An unwritten constitution is a set of rules and principles that are not codified in a single, formal document. Instead, it is based on a collection of laws, customs, and traditions that have evolved over time. These laws and customs reflect the values and beliefs of a particular society and provide a framework for its governance. Because an unwritten constitution is based on established customs and traditions, it can be more flexible and adaptable than a written constitution. It can respond more readily to changes in society and be more reflective of the needs and interests of the people. This flexibility can be an advantage in situations where a society is evolving rapidly or facing significant challenges. Furthermore, an unwritten constitution can provide for the protection of minority rights, as it may contain unwritten conventions and customs that safeguard those rights. This can be particularly important in diverse societies where different groups may have competing interests. In summary, one advantage of an unwritten constitution is that it can contain customary laws and conventions, providing a flexible framework for governance that can adapt to changes in society and safeguard the rights of minorities.
Ajụjụ 18 Ripọtì
The major difference between a state and a nation is that the latter presupposes a _______
Akọwa Nkọwa
The major difference between a state and a nation is that the latter presupposes a homogeneous population. A state is an organized political entity with a defined territory, a government, and a population. On the other hand, a nation is a group of people who share common cultural, linguistic, or historical characteristics. A nation may or may not have a defined territory, a government, or a state. The key characteristic that distinguishes a nation from a state is the homogeneity of its population. A nation is typically composed of people who share a common language, history, religion, or cultural heritage. In contrast, a state may have a diverse population with different languages, religions, or cultures. For example, the United States is a state with a diverse population, including people of different races, religions, and ethnic backgrounds. In contrast, Japan is a nation with a relatively homogeneous population that shares a common language, culture, and history. Therefore, the concept of a nation presupposes a homogeneous population, whereas a state may or may not have a homogeneous population.
Ajụjụ 19 Ripọtì
A human community that is usually cohesive and homogeneous is a
Akọwa Nkọwa
A nation is a stable community of people, formed on the basis of a common language, territory, history, ethnicity, or psychological make-up manifested in a common culture.
Ajụjụ 20 Ripọtì
Power refers to the__________
Akọwa Nkọwa
Power is the capacity of an individual to influence the conduct (behaviour) of others. The term "authority" is often used for power that is perceived as legitimate by the social structure.
Ajụjụ 21 Ripọtì
Which of the following spearheaded the transformation of the Organization of African Unity into the African Union?
Akọwa Nkọwa
The transformation of the Organization of African Unity into the African Union was spearheaded by Thabo Mbeki, a South African politician who served as the second President of South Africa from 1999 to 2008. Mbeki played a key role in the formation of the African Union, which was established in 2002 to replace the Organization of African Unity. The African Union aims to promote greater unity and cooperation among African countries and to address the continent's social, economic, and political challenges.
Ajụjụ 22 Ripọtì
A major feature of the system of government in the Sokoto Caliphate was that
Akọwa Nkọwa
The major feature of the system of government in the Sokoto Caliphate was that it was theocratic. This means that the government was based on religion and religious leaders, specifically the caliph, had the ultimate authority. The caliphate was established in what is now northern Nigeria in the early 19th century by the Muslim leader Usman dan Fodio. He believed in a strict interpretation of Islam and wanted to create a society based on Islamic principles. The Sokoto Caliphate was therefore ruled by a series of caliphs who were considered to be both political and religious leaders. They oversaw the administration of the state, the enforcement of laws, and the collection of taxes. The caliphs were assisted by a council of advisors, but the ultimate power rested with the caliph himself. So, the Sokoto Caliphate was not democratic, nor was power effectively decentralized, as it was highly centralized around the caliph and his religious authority.
Ajụjụ 23 Ripọtì
The major motivation of British colonization of Nigeria was to ______________
Akọwa Nkọwa
The major motivation of British colonization of Nigeria was to satisfy British economic interests. During the 19th century, the British were expanding their global trade network and looking for new markets to sell their manufactured goods and acquire raw materials to fuel their industries. Nigeria, with its vast resources of palm oil, groundnuts, cocoa, and rubber, became an attractive target for British trade interests. The British established trading posts and gradually extended their control over the country through treaties and military conquests. They imposed a cash-crop economy on the country, which meant that Nigerians were forced to grow crops for export rather than for their own consumption. This led to the exploitation of Nigerian labor and resources, which greatly benefited the British economy. While the British did spread their religion and westernize Nigerians to some extent, these efforts were secondary to their primary goal of satisfying their economic interests. As for protecting Nigeria from external attack, this was not a significant factor in the British colonization of Nigeria, as the country was not facing any major external threats at the time.
Ajụjụ 24 Ripọtì
The first Head of Government in Nigeria after independence was__________
Akọwa Nkọwa
The first Head of Government in Nigeria after independence was Sir Abubakar Tafawa Balewa. He was a Nigerian statesman who was a key figure in Nigeria's struggle for independence from Britain and was the country's first prime minister after independence was achieved in 1960. Balewa was a charismatic and influential leader who played a key role in shaping the course of Nigeria's early years as an independent nation. He worked to build a strong and united Nigeria, and his leadership helped to lay the foundation for the country's continued growth and development.
Ajụjụ 25 Ripọtì
The development of a classless society is the goal of __________
Akọwa Nkọwa
The development of a classless society is the goal of Marxism. Marxism is a political and economic theory developed by Karl Marx, which advocates for the creation of a society in which everyone is equal and there are no social classes. According to Marxism, social classes arise from the ownership of the means of production, such as land, factories, and machines. Those who own the means of production, such as the wealthy capitalists, exploit the working class, who do not own the means of production, to generate profit. Marxism seeks to eliminate this exploitation by promoting collective ownership of the means of production, which would lead to the elimination of social classes and a classless society. In a classless society, everyone would have equal access to resources and opportunities, and there would be no exploitation or oppression. Marxism argues that this can only be achieved through a revolution led by the working class, which would overthrow the ruling class and establish a socialist government that would work towards the goal of a classless society.
Ajụjụ 26 Ripọtì
An Agency of the United Nations which specializes in the welfare of children is the _______
Akọwa Nkọwa
The United Nations agency which specializes in the welfare of children is UNICEF. UNICEF stands for the United Nations Children's Fund and it is a specialized agency of the United Nations that was created in 1946 to provide humanitarian aid and assistance to children around the world. UNICEF works to protect children's rights, provide healthcare and nutrition, ensure access to education, and protect children from violence, exploitation, and abuse. UNICEF operates in over 190 countries and territories, working with governments, civil society organizations, and other partners to promote the well-being of children and families. Its work is based on the United Nations Convention on the Rights of the Child, which outlines the basic rights of children, including the right to life, education, and protection from harm.
Ajụjụ 27 Ripọtì
The highest decision-making body in Nigeria under the Buhari's military regime was the ________
Akọwa Nkọwa
The highest decision-making body in Nigeria under the Buhari military regime was the Supreme Military Council (SMC). The SMC was the highest military authority in Nigeria and had the power to make decisions on all matters of national significance, including the country's political, economic, and social affairs. The SMC was made up of the top military officers in Nigeria, including the Chief of Army Staff, Chief of Naval Staff, Chief of Air Staff, and other key military leaders. The SMC was responsible for making all major policy decisions in Nigeria during Buhari's military regime, and its decisions were binding on all other government institutions.
Ajụjụ 28 Ripọtì
An important aspect of an unwritten constitution is that it
Akọwa Nkọwa
An unwritten constitution is a constitution not embodied in a single document but based chiefly on custom and precedent as expressed in statutes and judicial decisions. It means that a state or country does not have a single written law functioning as a constitution. In such states, the customs and values, which are expressed in statutes provide the organic and fundamental law of such state.
Ajụjụ 29 Ripọtì
Citizenship of a state by descent requires that ___________
Akọwa Nkọwa
Citizenship of a state by descent requires that one's parents or ancestors were citizens of that state. This means that if a person's parent or grandparent was a citizen of the state, then that person may be eligible to apply for citizenship by descent. Simply being born or bred in the state or being domiciled in that state does not automatically confer citizenship by descent. It is the lineage or ancestry that determines one's eligibility for citizenship by descent.
Ajụjụ 30 Ripọtì
A system of government in which the central government is supreme over other levels is
Akọwa Nkọwa
The system of government in which the central government is supreme and has the most power over other levels is called a unitary system. In this type of system, the central government makes all the important decisions, and the lower levels of government, such as regional or local governments, have limited power and authority. In a unitary system, the central government can create or abolish regional or local governments, change their powers and responsibilities, and override their decisions if it sees fit. Examples of countries with a unitary system of government include France, China, and the United Kingdom.
Ajụjụ 31 Ripọtì
Pressure groups are formed mainly to__________
Akọwa Nkọwa
Pressure groups are formed mainly to satisfy the needs and interests of their members. These groups are organizations that aim to influence policy and decision-making by exerting pressure on government officials and other key decision-makers. They do this by organizing members and supporters to advocate for their shared interests and goals. Pressure groups can represent a wide range of interests, including business, labor, environmentalism, civil rights, and many others. These groups may seek to achieve their goals through various methods, such as lobbying, public demonstrations, media campaigns, and other forms of advocacy. By bringing together individuals who share common concerns and objectives, pressure groups can amplify their members' voices and provide a platform for collective action. In this way, pressure groups can be an effective means of advancing the interests of specific groups and shaping public policy to better serve those interests.
Ajụjụ 32 Ripọtì
In 1993, Nigerian troops were on peace-keeping assignment to
Akọwa Nkọwa
In 1993, Nigerian troops were on a peace-keeping assignment to Liberia and Somalia. Peacekeeping missions are operations undertaken by the United Nations (UN) to maintain peace and security in countries or regions where conflict has occurred. Nigeria, as a member of the UN, contributed its military personnel to support these missions. Liberia was in the midst of a brutal civil war that had started in 1989 and continued until 2003. The Nigerian troops, along with troops from other countries, were deployed to Liberia in 1990 as part of the ECOWAS Monitoring Group (ECOMOG) to help bring peace and stability to the country. The mission continued until 1998. Somalia had also experienced a protracted civil war that started in 1991 and led to widespread violence, famine, and displacement. The UN deployed a peacekeeping mission, UNOSOM II, to Somalia in 1993, and Nigeria contributed troops to this mission as well. Therefore, in 1993, Nigerian troops were on peacekeeping assignments to Liberia and Somalia to help maintain peace and security in these countries.
Ajụjụ 33 Ripọtì
A bye-law is made by
Akọwa Nkọwa
A bye-law is made by the local government. Bye-laws are a set of rules and regulations that are made to govern a specific area or community, such as a town, city, or village. These rules are created by the local government, which is the body responsible for managing and administering the affairs of the local community. Local government refers to the elected officials and administrative staff who are responsible for making decisions and implementing policies at the local level. This can include city councils, municipal corporations, or other similar bodies. These officials are elected by the people who live in the area they represent, and they are responsible for creating and enforcing the bye-laws that govern the community. So, if you want to know who makes bye-laws, the answer is the local government.
Ajụjụ 34 Ripọtì
Political authority is vested in the_________
Akọwa Nkọwa
Political authority is vested in the government. Political authority refers to the power and legitimacy that a government has to make decisions and take actions on behalf of a country or a state. This authority is given to the government by the people who live in that country through a process of democratic elections, where citizens choose their representatives to hold political office. The government is the primary institution responsible for exercising political authority. It is made up of elected officials, such as the president or prime minister, who are responsible for making decisions and implementing policies that affect the lives of citizens. The government also includes a range of administrative agencies and departments, such as the treasury, defense, and health departments, that are responsible for carrying out specific functions of governance. The government is accountable to the people who elected it, and it must act in the best interests of the citizens it serves. If the government does not meet the needs and expectations of the people, it can be replaced through the democratic process in the next election. Therefore, when we talk about where political authority is vested, the answer is the government, as it is the institution that is responsible for exercising political power and making decisions on behalf of the people.
Ajụjụ 35 Ripọtì
Rhodesia was the former name of
Akọwa Nkọwa
Rhodesia was the former name of Zimbabwe. Rhodesia was a country in southern Africa that was named after Cecil Rhodes, a British businessman, mining magnate, and politician who played a key role in the colonization of the region. The country was known as Southern Rhodesia from 1898 until 1965, when it unilaterally declared independence from Britain, and then simply Rhodesia until 1980, when it officially became the Republic of Zimbabwe. Today, Zimbabwe is a landlocked country in southern Africa that shares borders with South Africa, Botswana, Zambia, and Mozambique. It is known for its rich cultural heritage, stunning landscapes, and diverse wildlife, including elephants, lions, and rhinos.
Ajụjụ 36 Ripọtì
Bicameral legislatures are popular in____________
Akọwa Nkọwa
Bicameral legislatures are most commonly found in countries with a federal system of government. In a federal system, power is divided between a central government and regional governments, such as states or provinces. The two chambers of a bicameral legislature often have different functions and may represent different constituencies. For example, in the United States, the Senate represents the interests of the states, while the House of Representatives represents the interests of the people. This allows for a balance of power and helps to ensure that different perspectives are taken into account when making laws. Bicameral legislatures can also be found in some unitary systems, where power is concentrated in a central government but regional governments still have some authority. However, this is less common than in federal systems. Bicameral legislatures are not typically found in confederal systems, where power is held primarily by regional governments. Finally, whether a system is rigid or flexible is not directly related to the presence of a bicameral legislature. A rigid system generally refers to a constitution that is difficult to change, while a flexible system allows for easier changes to the constitution.
Ajụjụ 37 Ripọtì
A government controlled by a few people for their own interests is said to be ____________
Akọwa Nkọwa
The correct answer is "Oligarchy." Oligarchy is a form of government where a small group of people, often wealthy or powerful individuals, have control and power over the entire country or society. These individuals make decisions that benefit themselves, rather than considering the needs and interests of the broader population. In other words, an oligarchy is a government controlled by a few people for their own interests, which may not align with the interests of the rest of the population. The word "oligarchy" comes from the Greek words "oligos," meaning "few," and "arkhein," meaning "to rule."
Ajụjụ 38 Ripọtì
The goal of the theory of separation of powers is to
Akọwa Nkọwa
The goal of the theory of separation of powers is to protect individual liberty by dividing the powers of government into three branches - legislative, executive, and judiciary - each with separate and distinct functions. This separation ensures that no one branch has too much power or authority, and that each branch serves as a check and balance on the others. By limiting the power of each branch and preventing any one branch from becoming too powerful, the separation of powers helps to safeguard against tyranny and ensure that the government is accountable to the people it serves.
Ajụjụ 39 Ripọtì
The creation of more states in Nigeria has_______
Akọwa Nkọwa
The creation of more states in Nigeria has increased the number of administrative units in the country, but it has not eliminated ethnic and religious conflicts. While some argue that creating more states can help reduce the gap between rich and poor states, this has not been uniformly observed, and the impact may be mixed. The creation of more states has not necessarily increased the powers of the federal government, but it has increased the powers of the states and local government as they now have more autonomy to make decisions on issues that affect them.
Ajụjụ 40 Ripọtì
Capitalism is an economic system which emphasizes_______________
Akọwa Nkọwa
Capitalism is an economic system which emphasizes individualism. In a capitalist system, the means of production and distribution of goods and services are mainly in the hands of private individuals and companies, rather than the government. The goal of a capitalist system is to create wealth for individuals through market competition and the creation of goods and services in demand. The key idea behind capitalism is that individuals should be free to pursue their own interests and profits, and that this will ultimately lead to economic growth and prosperity for society as a whole.
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