Public ownership of productive factors is a feature of_______?
ECONOMICS
JAMB 2016
Public ownership of productive factors is a feature of_______?
- A. Socialism
- B. Capitalism
- C. Feudalism
- D. Mixed economy
Correct Answer: A. Socialism
Explanation
Socialism is an economic and political system based on public or collective ownership of the means of production. it is an economic and political theory advocating collective or governmental ownership and administration of the means of production
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