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NECO GCE 2018 GOVERNMENT QUESTIONS AND ANSWERS
👑 2018 NECO GCE GOVERNMENT ANSWERS👑
100% VERIFIED GOVERNMENT OBJ ANSWERS
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Capitalism is an economic system in which capital goods are owned by private individuals or businesses. The production of goods and services is based on supply and demand in the general market (market economy), rather than through central planning (planned economy or command economy).
(i) Right of private Property:
-Every individual has the right to accumulate property.
-An individual is free to use his property according to his will.
-Right of inheritance, i.e., after death of an individual his property goes to his successors.
(ii) Price mechanism:
Price mechanism means the free working of the forces of demand and supply to determine, prices in product market and factor market.
(iii) Profit motive:
Profit is the soul of all the institutions of capitalist system. A capitalistic economy is individualistic because everyone is motivated by self-interest or private profit motive to undertake high risks.
(iv) Freedom of enterprise:
There is freedom of enterprise in a capitalist economy. It means people are free to choose their occupation, profession or business according to their will.
(v) Consumer’s sovereignty:
In a capitalist economy people have freedom of consumption. They can spend their income on consumption according to their choice.
Constitutional government is the government that adheres to the principles of laws and the provisions of the constitutions governing a state.
(i) It subscribe to the rule of law: The government must subscribe to all the principles of rule of law as dictated.
(ii) Fundamental Human Rights must be strictly adhered to: The fundamental human right must be considered sacred.
(iii) Fair hearing: Any offender must be given fair hearing and considered innocent until proven otherwise by the law court.
(iv) Principle of equality: All the citizens must be equal before the law without fear of intimidation.
(v) The organs of government must be autonomous: The three tiers of government must be given free hand to operate optimum and to perform their duties as provided by the constitution.
(i) Check and balance: the existence of two chamber provides check and balances on the legislative process,
(ii) Mature and experienced persons: this is allowed in second chamber and it makes then to participate in the process of law making.
(iii) Equitable distribution of seats: this helps to guarantee equality of seats and protects minority interest.
(iv) Despotism of a single chamber: A bicameral legislative is a safeguard against the despotism of a single chamber.
(v) Equitable legislation: There is ample room for fruitful discussion giving rise to Equitable legislation
(vi) Excesses of Executive: Bicameral legislature can check the excess of executive especially in the area of violation.
(i) Education: The education acquired by most people made them accept indirect rule system in the British West Africa.
(ii) Checks and balances: Most of the Obas were constitutional Obas and not absolute.
(iii) Decentralized political system:- The system was decentralized and not centralized, hence the partial success.
(iv) System of taxation: In the west, before indirect rule, there was a system of collecting tax which was acceptable to the people.
(v) Non-recognition of the educated elites: The educated (vi) Religion: Christianity Was The dominant religion in the west. It is more democratic than Islamic religion.
(i) Republican form of government: The constitution gave Nigeria a republican form of government.
(ii) Final court of appeal: The Supreme Court became the final court of appeal.
(iii) Fundamental Human Rights: The rights of citizens were fully entrenched and guaranteed.
(iv) Power of judicial review: The Supreme Court was given the power to check the excesses of the executive and the legislature.
(v) free from external interference: British undue external influence on the country ceased
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