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Which of following is not a feature of socialism?

Economics
WAEC 2014

Which of following is not a feature of socialism?

  • A. Collective ownership of productive resources
  • B. Freedom of enterprise
  • C. production is not based on the profit motive
  • D. Maximization of public welfare
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Correct Answer: Option A
Explanation

The main feature of socialism is the common ownership of means of production and distribution. 


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