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Capitalism often encourages

Capitalism often encourages
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Public
  • B A centrally planned economy
  • C Private ownership of the means of production
  • D Anarchy
  • E Deconcentration of political and economic powers in the same hands
Correct Answer: Option C
Explanation:
Capitalism often encourages private ownership of the means of production. In a capitalist economy, individuals and private businesses own and control the factors of production, such as land, labour, and capital. The state plays a limited role, and market forces determine prices and production.

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