Which of following is not a feature of socialism?
...Which of following is not a feature of socialism?
Collective ownership of productive resources
Freedom of enterprise
Production is not based on the profit motive
Maximization of public welfare
Correct answer is A
The main feature of socialism is the common ownership of means of production and distribution.
The total amount of money in circulation includes cash ...
When the price of a good is above the equilibrium, there will be ...
If CBN reduces money supply, the interest rate will ...
One of the major uses of national income statistics in Nigeria is to ...
The oil-producing area in Nigeria are agitating for special compensation owing mainly to ...
The monetary control instrument most effectively used by the Central Bank of Nigeria is the ...
The tax levied on goods and services at each stage of production is ...
The long-run average cost curve touches to the short-run average cost curves at the ...