Question on: JAMB Government - 2023
A key principle of the socialist system of government is the ___________.
A
minimal government intervention in the economy
B
private ownership of the means of production
C
power concentrated in the hands of a few elite individuals
D
equality of opportunity and outcome
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Correct Option: D
A key principle of the socialist system of government is the equality of opportunity and outcome. Socialism advocates for the redistribution of wealth and resources, state ownership of the means of production, and the provision of social services to ensure that everyone has equal access to opportunities and a fair share of societal benefits.
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