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Ibeere 1 Ìròyìn
A society that is politically organized under a government is called
Awọn alaye Idahun
A society that is politically organized under a government is called a polity. This means that there is a system of rules and regulations that guide the behavior of individuals within the society and that these rules are enforced by a centralized authority, such as a government. The term "polity" can be used to describe any form of political organization, from a small town to a large nation-state. It is important to note that a polity may also be referred to as a sovereign state or a national state, but these terms imply additional characteristics, such as a defined territory and recognition by other states.
Ibeere 2 Ìròyìn
A political manifesto is a document which outlines__________
Awọn alaye Idahun
A political manifesto is a document which outlines a political party's programme, their goals, objectives and plans for the future if they were to be elected into power. It includes their policy positions on various issues such as the economy, education, health care, national security, and social welfare. Essentially, a manifesto is a public statement of a political party's intentions and priorities, and it is used to communicate their ideas and policies to voters before an election. The purpose of a political manifesto is to provide a clear and concise outline of what a political party stands for, and what they plan to achieve if elected, so that voters can make an informed choice at the ballot box.
Ibeere 3 Ìròyìn
A true democracy in the modern sense exists where the
Awọn alaye Idahun
A true democracy in the modern sense exists where elected representatives rule. In a democratic system, citizens elect representatives to make decisions on their behalf. These elected officials are responsible for creating and implementing laws and policies that reflect the will of the people. The representatives are accountable to the citizens and can be voted out of office if they fail to perform their duties properly. This system allows for the majority of the people to have a say in the decisions that affect their lives, while also ensuring that the government is run by individuals who have been selected through a fair and transparent process.
Ibeere 4 Ìròyìn
The major motivation of British colonization of Nigeria was to ______________
Awọn alaye Idahun
The major motivation of British colonization of Nigeria was to satisfy British economic interests. During the 19th century, the British were expanding their global trade network and looking for new markets to sell their manufactured goods and acquire raw materials to fuel their industries. Nigeria, with its vast resources of palm oil, groundnuts, cocoa, and rubber, became an attractive target for British trade interests. The British established trading posts and gradually extended their control over the country through treaties and military conquests. They imposed a cash-crop economy on the country, which meant that Nigerians were forced to grow crops for export rather than for their own consumption. This led to the exploitation of Nigerian labor and resources, which greatly benefited the British economy. While the British did spread their religion and westernize Nigerians to some extent, these efforts were secondary to their primary goal of satisfying their economic interests. As for protecting Nigeria from external attack, this was not a significant factor in the British colonization of Nigeria, as the country was not facing any major external threats at the time.
Ibeere 5 Ìròyìn
The second ballot is based on the principle that a successful candidate must obtain
Awọn alaye Idahun
The second ballot is based on the principle that a successful candidate must obtain an absolute majority. This means that in order to win, the candidate must receive more than half of the total votes cast. In other words, the candidate must get at least 50% plus one of the votes. This ensures that the winning candidate has the support of the majority of the voters, rather than just a plurality of the votes. If no candidate receives an absolute majority in the first round of voting, a second ballot is held between the two candidates who received the most votes, to determine the winner.
Ibeere 6 Ìròyìn
Public opinion is the view expressed by a_________
Awọn alaye Idahun
Public opinion is the view expressed by the majority of the members of a society. It represents the collective opinion of a group of individuals on a particular topic, issue or event. Public opinion can be shaped by various factors such as personal experiences, cultural values, media influence, and political ideology. It is often measured through surveys, polls, and other forms of social research. Public opinion can have a significant impact on government policies, social norms, and cultural values.
Ibeere 7 Ìròyìn
In the old Oyo empire, the Ajele
Awọn alaye Idahun
In the old Oyo empire, the Ajele were responsible for ensuring the good governance of the district and ensuring the safety of the trade routes. They were not responsible for mobilizing the army or being the head of the army. The Ajele were appointed by the Alaafin (the king of the Oyo empire) to serve as his representatives in the provinces. They were responsible for overseeing the administration of the district, including the collection of taxes, settling disputes, and maintaining law and order. They were also responsible for protecting the trade routes within their district, which were crucial for the economic well-being of the empire. The Ajele played an important role in maintaining the stability and prosperity of the Oyo empire.
Ibeere 8 Ìròyìn
The fundamental rights of citizens include rights to ___________
Awọn alaye Idahun
The following are the key rights of Nigerian citizens:
- Right to life
- Right to dignity
- Right to personal liberty
- Right to fair hearing
- Right to privacy
- Right to freedom of thought, conscience and religion
- Right to freedom of expression
- Right to freedom of assembly and association
- Right to freedom of movement
- Right to freedom from discrimination
- Right to own property
Ibeere 9 Ìròyìn
The body responsible for exercising the functions of local governments in the 1976 reforms was the________
Awọn alaye Idahun
The body responsible for exercising the functions of local governments in the 1976 reforms was the local government council. The 1976 local government reforms in Nigeria aimed to decentralize power and bring governance closer to the people by creating more autonomous local government areas. As part of this reform, the local government council was established as the body responsible for exercising the functions of local governments. The local government council was made up of elected representatives who were responsible for the management and administration of their respective local government areas. They had the power to make laws, levy taxes, and provide essential services such as healthcare, education, and sanitation. In contrast, the other options listed are not accurate descriptions of the body responsible for exercising the functions of local governments in the 1976 reforms. The local government commission was created to oversee the establishment and operation of local governments, while the local government committee was responsible for conducting elections and supervising the activities of the local government councils. The committee of chairmen and supervisory councilors was not a recognized body in the 1976 local government reforms.
Ibeere 10 Ìròyìn
In 1991, the African Economic Community Treaty was signed in
Awọn alaye Idahun
The African Economic Community (AEC) is an organization of African Union states establishing grounds for mutual economic development among the majority of African states. The AEC founded through the Abuja Treaty, signed in 1991 and entered into force in 1994 is envisioned to be created in six stages:
- (to be completed in 1999) Creation of regional blocs in regions where such do not yet exist
- (to be completed in 2007) Strengthening of intra-REC integration and inter-REC harmonisation
- (to be completed in 2017) Establishing of a free trade area and customs union in each regional bloc
- (to be completed in 2019) Establishing of a continent-wide customs union (and thus also a free trade area)
- (to be completed in 2023) Establishing of a continent-wide African Common Market (ACM)
- (to be completed in 2028) Establishing of a continent-wide economic and monetary union (and thus also a currency union) and Parliament
Ibeere 11 Ìròyìn
The Yoruba traditional system of government was
Awọn alaye Idahun
The Yoruba traditional system of government was monarchical, meaning that power and authority rested with a king or monarch known as an "Oba." The Oba was believed to be divinely chosen and had considerable control over political, economic, and social affairs within his kingdom. However, the Yoruba system of government also incorporated elements of democracy, as the Oba was advised by a council of chiefs and elders who represented different interest groups within the society. Additionally, the Yoruba people placed a strong emphasis on consensus-building and conflict resolution, which allowed for broad participation in decision-making and contributed to the stability of the system.
Ibeere 12 Ìròyìn
A government controlled by a few people for their own interests is said to be ____________
Awọn alaye Idahun
The correct answer is "Oligarchy." Oligarchy is a form of government where a small group of people, often wealthy or powerful individuals, have control and power over the entire country or society. These individuals make decisions that benefit themselves, rather than considering the needs and interests of the broader population. In other words, an oligarchy is a government controlled by a few people for their own interests, which may not align with the interests of the rest of the population. The word "oligarchy" comes from the Greek words "oligos," meaning "few," and "arkhein," meaning "to rule."
Ibeere 13 Ìròyìn
Citizenship of a state by descent requires that ___________
Awọn alaye Idahun
Citizenship of a state by descent requires that one's parents or ancestors were citizens of that state. This means that if a person's parent or grandparent was a citizen of the state, then that person may be eligible to apply for citizenship by descent. Simply being born or bred in the state or being domiciled in that state does not automatically confer citizenship by descent. It is the lineage or ancestry that determines one's eligibility for citizenship by descent.
Ibeere 14 Ìròyìn
A major feature of the system of government in the Sokoto Caliphate was that
Awọn alaye Idahun
The major feature of the system of government in the Sokoto Caliphate was that it was theocratic. This means that the government was based on religion and religious leaders, specifically the caliph, had the ultimate authority. The caliphate was established in what is now northern Nigeria in the early 19th century by the Muslim leader Usman dan Fodio. He believed in a strict interpretation of Islam and wanted to create a society based on Islamic principles. The Sokoto Caliphate was therefore ruled by a series of caliphs who were considered to be both political and religious leaders. They oversaw the administration of the state, the enforcement of laws, and the collection of taxes. The caliphs were assisted by a council of advisors, but the ultimate power rested with the caliph himself. So, the Sokoto Caliphate was not democratic, nor was power effectively decentralized, as it was highly centralized around the caliph and his religious authority.
Ibeere 15 Ìròyìn
Which of the following led to the introduction of indirect rule in Nigeria by the British?
Awọn alaye Idahun
The manpower and personnel shortages experienced by the British colonial administration in Nigeria led to the introduction of indirect rule. Indirect rule was a system of governance in which local indigenous leaders were appointed as representatives of the colonial power. This was done because the British did not have enough personnel or manpower to directly govern the diverse and vast territory of Nigeria. By using local leaders, the British were able to maintain control over the region with minimal resources. The system of indirect rule remained in place until Nigeria gained independence in 1960.
Ibeere 16 Ìròyìn
Awọn alaye Idahun
The correct answer is Zenith Bank Plc. A public corporation is a government-owned entity that operates as a business or provides a public service. In Nigeria, examples of public corporations include the Joint Admissions and Matriculation Board (JAMB), the Nigerian Steel Development Authority, and the Nigeria Railway Corporation. However, Zenith Bank Plc is not a public corporation in Nigeria, but a private bank that is owned by shareholders. While it is a highly respected financial institution in Nigeria, it is not owned or controlled by the Nigerian government, and therefore cannot be classified as a public corporation.
Ibeere 17 Ìròyìn
The goal of the theory of separation of powers is to
Awọn alaye Idahun
The goal of the theory of separation of powers is to protect individual liberty by dividing the powers of government into three branches - legislative, executive, and judiciary - each with separate and distinct functions. This separation ensures that no one branch has too much power or authority, and that each branch serves as a check and balance on the others. By limiting the power of each branch and preventing any one branch from becoming too powerful, the separation of powers helps to safeguard against tyranny and ensure that the government is accountable to the people it serves.
Ibeere 18 Ìròyìn
The creation of more states in Nigeria has_______
Awọn alaye Idahun
The creation of more states in Nigeria has increased the number of administrative units in the country, but it has not eliminated ethnic and religious conflicts. While some argue that creating more states can help reduce the gap between rich and poor states, this has not been uniformly observed, and the impact may be mixed. The creation of more states has not necessarily increased the powers of the federal government, but it has increased the powers of the states and local government as they now have more autonomy to make decisions on issues that affect them.
Ibeere 19 Ìròyìn
The British government revoked the charter of the Royal Niger Company and took over the administration of Nigeria in which year?
Awọn alaye Idahun
The Royal Niger Company was a mercantile company chartered by the British government in the nineteenth century. The company existed for a comparatively short time (1879–1900) but was instrumental in the formation of Colonial Nigeria, as it enabled the British Empire to establish control over the lower Niger against the German competition led by Bismarck during the 1890s. In 1900, the company-controlled territories became the Southern Nigeria Protectorate, which was in turn united with the Northern Nigeria Protectorate to form the Colony and Protectorate of Nigeria in 1914 (which eventually gained independence within the same borders as the Federal Republic of Nigeria in 1960).
Ibeere 20 Ìròyìn
The main source of local government finance since the 1976 reform has been___________
Awọn alaye Idahun
The main source of local government finance since the 1976 reform has been local rates. Local rates are taxes that are collected by local governments on properties within their jurisdiction. This tax is based on the value of the property and is used to finance the provision of local services, such as road maintenance, waste management, and community services. This revenue is a crucial source of income for local governments and enables them to provide essential services to their communities. It's important to note that while other sources such as levies, revenue from court fines and licences, and even the federal government may provide funding for local governments, local rates remain the primary source of funding for local governments in many countries.
Ibeere 21 Ìròyìn
A constitution of any country is basically___________
Awọn alaye Idahun
A constitution of any country is a guide to how the country should be governed. It is a written document that outlines the fundamental principles and rules by which a country is governed. The constitution defines the powers and limitations of the government, as well as the rights and freedoms of the people. It establishes the framework for the organization of the government, the roles and responsibilities of its branches, and the procedures for making and enforcing laws. In essence, the constitution sets the foundation for the political and legal systems of a country and serves as a framework for the governance of its people.
Ibeere 22 Ìròyìn
In the old OYO empire, the Ajele
Awọn alaye Idahun
In the old Oyo Empire, the Ajele was responsible for ensuring good governance of the districts. The Ajele was a high-ranking official appointed by the Alaafin (the king) to oversee the administration of a particular district. The Ajele acted as the king's representative and ensured that the people in the district were following the king's laws and policies. The Ajele also collected taxes, resolved disputes, and maintained peace and order in the district. While the Oyo Empire had a standing army, the Ajele did not typically have direct responsibility for mobilizing or commanding military forces. The Oyo Empire was known for its robust trade networks, but the Ajele's responsibilities did not specifically include ensuring the safety of trade routes.
Ibeere 23 Ìròyìn
Awọn alaye Idahun
A major feature of the pre-colonial Igbo political system was that power was effectively decentralized. This means that there was no central authority or king who held absolute power over the entire society. Instead, political power was dispersed among a network of village councils, age grades, and other community organizations. Decisions were made through a process of consensus-building, and each member of the community had a voice in the decision-making process. This system was based on customs and traditions, and was not autocratic, meaning that there was no single ruler with the power to make unilateral decisions. The Igbo political system was not theocratic, meaning that it was not based on religious authority or the rule of religious leaders. While religion played an important role in Igbo society, it was not the basis of the political system. Overall, the decentralized nature of the pre-colonial Igbo political system was a key feature that allowed for a high degree of individual autonomy and self-governance, while also promoting community cohesion and cooperation.
Ibeere 24 Ìròyìn
A state that is ruled by an elected citizen is
Awọn alaye Idahun
A state that is ruled by an elected citizen is called a republic. In a republic, the citizens have the power to elect their leaders, who are then responsible for governing the country. This is different from a monarchy, where the ruler is usually a hereditary monarch, and an empire, which is typically ruled by an emperor who has seized power through force. In a plutocracy, the country is ruled by wealthy individuals who have acquired significant economic power and influence. This is not the same as a republic, as the citizens do not necessarily have a say in who governs them. Overall, a republic is a form of government that is based on the principle of elected representation, where the people choose their leaders through a democratic process.
Ibeere 25 Ìròyìn
Rhodesia was the former name of
Awọn alaye Idahun
Rhodesia was the former name of Zimbabwe. Rhodesia was a country in southern Africa that was named after Cecil Rhodes, a British businessman, mining magnate, and politician who played a key role in the colonization of the region. The country was known as Southern Rhodesia from 1898 until 1965, when it unilaterally declared independence from Britain, and then simply Rhodesia until 1980, when it officially became the Republic of Zimbabwe. Today, Zimbabwe is a landlocked country in southern Africa that shares borders with South Africa, Botswana, Zambia, and Mozambique. It is known for its rich cultural heritage, stunning landscapes, and diverse wildlife, including elephants, lions, and rhinos.
Ibeere 26 Ìròyìn
The Premier of Western region immediately after Independence was ______
Awọn alaye Idahun
<p>Nigeria became independent on 1st October 1960 and became a republic on 1 October 1963. On 16 January 1966 a military coup brought Major General Johnson Aguiyi-Ironsi to power, terminating the first period of democratic rule. During this period an appointed governor was nominal head of state while an elected premier led the government.<br><br>
The Premier of Western region immediately after Independence was <strong>Chief Samuel Ladoke Akintola</strong></p>
Ibeere 27 Ìròyìn
Political authority is vested in the_________
Awọn alaye Idahun
Political authority is vested in the government. Political authority refers to the power and legitimacy that a government has to make decisions and take actions on behalf of a country or a state. This authority is given to the government by the people who live in that country through a process of democratic elections, where citizens choose their representatives to hold political office. The government is the primary institution responsible for exercising political authority. It is made up of elected officials, such as the president or prime minister, who are responsible for making decisions and implementing policies that affect the lives of citizens. The government also includes a range of administrative agencies and departments, such as the treasury, defense, and health departments, that are responsible for carrying out specific functions of governance. The government is accountable to the people who elected it, and it must act in the best interests of the citizens it serves. If the government does not meet the needs and expectations of the people, it can be replaced through the democratic process in the next election. Therefore, when we talk about where political authority is vested, the answer is the government, as it is the institution that is responsible for exercising political power and making decisions on behalf of the people.
Ibeere 28 Ìròyìn
One major achievement of the Clifford constitution was _________
Awọn alaye Idahun
The Clifford Constitution of 1922 disposed the Nigerian Council of Lord Lugard (1914) and set up a new legislative council for the Southern Protectorate. The membership of the Clifford legislative council was 46. Twenty- seven out of the 46 members were officials while 19 were unofficial members. Ten out of the 19 unofficial members were Nigerians and out of the 10 unofficial Nigerians, 4 were elected, 3 from Lagos and 1 from Calabar. The remaining six were appointed by the governor.
Ibeere 29 Ìròyìn
The major difference between a state and a nation is that the latter presupposes a _______
Awọn alaye Idahun
The major difference between a state and a nation is that the latter presupposes a homogeneous population. A state is an organized political entity with a defined territory, a government, and a population. On the other hand, a nation is a group of people who share common cultural, linguistic, or historical characteristics. A nation may or may not have a defined territory, a government, or a state. The key characteristic that distinguishes a nation from a state is the homogeneity of its population. A nation is typically composed of people who share a common language, history, religion, or cultural heritage. In contrast, a state may have a diverse population with different languages, religions, or cultures. For example, the United States is a state with a diverse population, including people of different races, religions, and ethnic backgrounds. In contrast, Japan is a nation with a relatively homogeneous population that shares a common language, culture, and history. Therefore, the concept of a nation presupposes a homogeneous population, whereas a state may or may not have a homogeneous population.
Ibeere 30 Ìròyìn
Nigeria’s membership of the ECOWAS is informed by her desire to___________
Awọn alaye Idahun
In pursuing the goal of regional economic cooperation and development, Nigeria helped create ECOWAS, which seeks to harmonise trade and investment practices for its 16 West African member countries and ultimately to achieve a full customs union.
Ibeere 31 Ìròyìn
The first executive president of Nigeria was_________
Awọn alaye Idahun
The first executive president of Nigeria was actually not any of the options listed. Nigeria's first executive president was Shehu Shagari. He served as president from 1979 to 1983, after winning the presidential election as the candidate of the National Party of Nigeria. Prior to his presidency, he had also served as the Minister of Economic Affairs and as the Minister of Finance in previous Nigerian governments. During his presidency, he focused on improving the economy and reducing corruption, but was unfortunately overthrown in a military coup in 1983.
Ibeere 32 Ìròyìn
Bicameral legislatures are popular in____________
Awọn alaye Idahun
Bicameral legislatures are most commonly found in countries with a federal system of government. In a federal system, power is divided between a central government and regional governments, such as states or provinces. The two chambers of a bicameral legislature often have different functions and may represent different constituencies. For example, in the United States, the Senate represents the interests of the states, while the House of Representatives represents the interests of the people. This allows for a balance of power and helps to ensure that different perspectives are taken into account when making laws. Bicameral legislatures can also be found in some unitary systems, where power is concentrated in a central government but regional governments still have some authority. However, this is less common than in federal systems. Bicameral legislatures are not typically found in confederal systems, where power is held primarily by regional governments. Finally, whether a system is rigid or flexible is not directly related to the presence of a bicameral legislature. A rigid system generally refers to a constitution that is difficult to change, while a flexible system allows for easier changes to the constitution.
Ibeere 33 Ìròyìn
OPEC has strong influence with the__________
Awọn alaye Idahun
OPEC is an economic body formed to meet the interests of petroleum exporting countries in which African nation states are involved and easily influenced by its policies as they are regarded as third world countries.
Ibeere 34 Ìròyìn
Unicameral legislatures are popular in
Awọn alaye Idahun
Unicameral legislatures are most popular in countries that have a unitary system of government. A unitary system is a type of government where power is centralized in a single governing body, with lower levels of government, such as provinces or states, having little autonomy. In this type of system, a unicameral legislature, which means a legislature with only one chamber or house, is often sufficient to represent the entire population and make decisions on their behalf. On the other hand, in a federal system of government, power is divided between a central government and multiple regional or state governments, which means a bicameral (two-chamber) legislature is often used to represent the different levels of government. In a confederal system, power is even more decentralized, with individual states or regions having more autonomy than in a federal system, which means a unicameral legislature may not be able to adequately represent the interests of all the states or regions. Lastly, the use of a unicameral legislature is not related to the rigidity or flexibility of a government system, but rather to the degree of centralization and autonomy of the lower levels of government.
Ibeere 35 Ìròyìn
Nigeria broke diplomatic relations with France in 1961 because of _________
Awọn alaye Idahun
In the realm of bilateral relations, Nigeria did not hesitate to break diplomatic ties with France in 1961 when France tested an atomic bomb in the Sahara Desert. The action was against the firm warning by Nigeria having observed that the test was going to be injurious to Nigeria and some other African countries. Thus, Nigeria imposed stern economic measures on France, first banning all ship movements of French origins from navigating the coastal areas of Nigeria.
Ibeere 36 Ìròyìn
In 1993, Nigerian troops were on peace-keeping assignment to
Awọn alaye Idahun
In 1993, Nigerian troops were on a peace-keeping assignment to Liberia and Somalia. Peacekeeping missions are operations undertaken by the United Nations (UN) to maintain peace and security in countries or regions where conflict has occurred. Nigeria, as a member of the UN, contributed its military personnel to support these missions. Liberia was in the midst of a brutal civil war that had started in 1989 and continued until 2003. The Nigerian troops, along with troops from other countries, were deployed to Liberia in 1990 as part of the ECOWAS Monitoring Group (ECOMOG) to help bring peace and stability to the country. The mission continued until 1998. Somalia had also experienced a protracted civil war that started in 1991 and led to widespread violence, famine, and displacement. The UN deployed a peacekeeping mission, UNOSOM II, to Somalia in 1993, and Nigeria contributed troops to this mission as well. Therefore, in 1993, Nigerian troops were on peacekeeping assignments to Liberia and Somalia to help maintain peace and security in these countries.
Ibeere 37 Ìròyìn
The development of a classless society is the goal of __________
Awọn alaye Idahun
The development of a classless society is the goal of Marxism. Marxism is a political and economic theory developed by Karl Marx, which advocates for the creation of a society in which everyone is equal and there are no social classes. According to Marxism, social classes arise from the ownership of the means of production, such as land, factories, and machines. Those who own the means of production, such as the wealthy capitalists, exploit the working class, who do not own the means of production, to generate profit. Marxism seeks to eliminate this exploitation by promoting collective ownership of the means of production, which would lead to the elimination of social classes and a classless society. In a classless society, everyone would have equal access to resources and opportunities, and there would be no exploitation or oppression. Marxism argues that this can only be achieved through a revolution led by the working class, which would overthrow the ruling class and establish a socialist government that would work towards the goal of a classless society.
Ibeere 38 Ìròyìn
The role of an Alkali under the Hausa-Fulani political system is primarily to _____________
Awọn alaye Idahun
Under the Hausa-Fulani political system, the role of an Alkali is primarily to adjudicate disputes and resolve conflicts based on Islamic laws and customs. Alkalis are traditionally recognized as judges and arbitrators in their communities, and they are responsible for interpreting and applying Islamic law to resolve disputes between individuals, families, and even entire communities. The Alkali's main responsibility is to ensure that justice is served and that conflicts are resolved peacefully, fairly, and in accordance with Islamic principles. They are expected to be knowledgeable in Islamic law, and they are usually selected based on their reputation for wisdom, fairness, and integrity. While Alkalis may have some influence in the making of Islamic laws and the negotiation of treaties, their primary role is to act as judges and arbitrators in the administration of Islamic justice in their communities.
Ibeere 39 Ìròyìn
A human community that is usually cohesive and homogeneous is a
Awọn alaye Idahun
A human community that is usually cohesive and homogeneous can be referred to as a nation. A nation is a group of people who share a common culture, history, language, and often a common ancestry. They feel a sense of belonging and identity with one another, and consider themselves to be part of the same community. It's important to note that the term "nation" is often used interchangeably with "country," but they are not exactly the same thing. A country is a political entity with defined borders and a government, while a nation is a cultural and ethnic community.
Ibeere 40 Ìròyìn
Capitalism is an economic system which emphasizes_______________
Awọn alaye Idahun
Capitalism is an economic system which emphasizes individualism. In a capitalist system, the means of production and distribution of goods and services are mainly in the hands of private individuals and companies, rather than the government. The goal of a capitalist system is to create wealth for individuals through market competition and the creation of goods and services in demand. The key idea behind capitalism is that individuals should be free to pursue their own interests and profits, and that this will ultimately lead to economic growth and prosperity for society as a whole.
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