Government
WAEC 2024
A government with corrupt rulers who use their power to exploit the people and natural resources of their own territory to extend their personal wealth and political power is described as
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A.
autocracy
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B.
capitalism
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C.
kleptocracy
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D.
oligarchy
Correct Answer: Option C
Explanation
A kleptocracy is a government where rulers exploit national resources and use their power for personal gain rather than for the welfare of the people. In such regimes:
- Corrupt leaders embezzle public funds and mismanage resources.
- Government policies benefit the ruling class rather than the citizens.
- Public institutions are weakened due to corruption and nepotism.
- The state’s wealth is often hidden in offshore accounts or foreign investments.
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