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Which system of government allows for and guarantees maximum competition?

Government
WAEC 2023

Which system of government allows for and guarantees maximum competition?

  • A. Feudalism
  • B. Capitalism
  • C. Communism
  • D. Social Democracy
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Correct Answer: Option B
Explanation

Capitalism is an economic system where private entities own the factors of production. It allows for maximum competition as businesses compete for the same resources and customers in a free market to achieve profit maximization.

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