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Collectivism refers to the management of state enterprises in a?

Collectivism refers to the management of state enterprises in a?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Mixed economy
  • B Co-operative organizations
  • C Capitalist economic system
  • D Socialist economy
Correct Answer: Option D
Explanation:
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.

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