JAMB - Government (2023 - No. 25)
A key principle of the socialist system of government is the ___________.
minimal government intervention in the economy
private ownership of the means of production
power concentrated in the hands of a few elite individuals
equality of opportunity and outcome
Explanation
A key principle of the socialist system of government is the equality of opportunity and outcome. This means that in a socialist system, the government controls the means of production and wealth is distributed equally among the population to ensure everyone has the same opportunities and outcomes.