WAEC - Government (2011 - No. 28)

Socialism is a political and economic system in which most forms of economically valuable property and resources are owned or controlled by the public or the state. The term socialism also refers to any political or philosophical doctrine that advocates such a system.

Fascism is a form of radical, right-wing, authoritarian ultranationalism, characterized by dictatorial power, forcible suppression of opposition, and strong regimentation of society and of the economy. It is characterized by extreme militant nationalism, hatred of communism and socialism, contempt for democracy, and belief in natural social hierarchy and the rule of elites