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In which of the following economic systems do we have the means of production and...

Economics
JAMB 2015
In which of the following economic systems do we have the means of production and exchange controlled by private individuals
  • A. socialist system
  • B. mixed system
  • C. capitalist system
  • D. traditional system
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Correct Answer: Option C
Explanation
capitalist system is where the private individuals controlled the means of production and exchange
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts