Capitalism is an economic system in which

GOVERNMENT
WAEC 1990

Capitalism is an economic system in which

  • A. the economy of the state is centrally planned and controlled
  • B. privated persons are permitted to undertake enterprises
  • C. accumulation of private property is forbidden
  • D. the means of production are owned and controlled by the state

Correct Answer: B. privated persons are permitted to undertake enterprises



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