Public ownership of productive factors is a feature of_______?

Economics

JAMB 2016

A. Socialism
B. Capitalism
C. Feudalism
D. Mixed economy

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Correct Answer: Option A

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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Public ownership of productive factors is a feature of_______?

Correct Answer: Option A

Explanation

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