Which system of government allows for and guarantees maxi...
Which system of government allows for and guarantees maximum competition?
Feudalism
Capitalism
Communism
Social Democracy
Correct answer is B
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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According to Marxism, those who own and control productive resources in a capitalist state are ...
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Which of the following is a result of nationalist activities in French West Africa? ...
Under whose regime were Akwa Ibom and Katsina States created? ...
Private ownership of the means of production is central to ...
Privatization and commercialization programmes in Nigeria have ...