JAMB - Economics (2020 - No. 13)
Collectivism refers to the management of state enterprises in a?
mixed economy
co-operative organizations
capitalist economic system
socialist economy
Wyjaśnienie
Collectivism is a political-economic theory that advocates for a collective control of resources, especially over production and distribution. It is the opposite of individualism which seeks individual ownership of production factors
It is associated with socialism which advocates for collective ownership of resources, rather than by individuals.