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Which of the following is a feature of capitalism?

Government
WAEC 2007

Which of the following is a feature of capitalism?

  • A. Removal of social inequalities
  • B. Equitable re-distribution of property
  • C. Maximization of profit
  • D. Protection of workers
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Correct Answer: Option C
Explanation

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. 

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WAEC offline past questions - with all answers and explanations in one app - Download for free
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076