Question on: JAMB Government - 2009
Collective ownership of property is associated with
A
feudalism
B
communism
C
mercantilism
D
capitalism
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Correct Option: B
Collective ownership of property is associated with Communism .
It should be noted that Communism is a social system where the means of production, distribution and exchange are completely owned and managed by the State. The economy is operated centrally and individuals have little or no opportunity for private enterprises.
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