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👑 2019 WAEC GCE GOVERNMENT ANSWERS👑
100% VERIFIED GOVERNMENT OBJ ANSWERS
100% VERIFIED GOVERNMENT THEORY ANSWERS
[Choose Any Three]
(i) Means of production of goods and services,distribution and exchange are in the hands of private individuals
(ii) It operates a competitive market,where individuals try to out rival others
(iii) It is a highly specialised system coupled with a high degree of efficiency
(iv) There is also the existence of the principle off liberty and rules of law
(v) Government participation is very low in capitalist economy.
(i) Focus on profit: The obsessive focus on profits leads to social and economic inequality. The population that controls the means of production tends to accumulate more wealth than the workers who helped to create those riches for the wealthy.
(ii) Financial instability: Financial markets go through periods of irrational exuberance, causing boom and bust cycles. During a long recession, people can lose their jobs, have their houses foreclosed and suffer a decline in their living standards.
(iii) Monopoly power: Because capitalism is a free market, it is possible for a single firm to become all-powerful and dominate a market.
(iv) Workforce limitations: In theory, the factors of production should be able to move from an unprofitable use to a profitable business
(i) Shortage of trained personnel:Acute shortage of trained and experienced personnel affect the efficiency of local governments
(ii) Political interference: Political leaders have a different times interfered with the activities of local government
(iii) Diversion of public fund: Some officials is involved in revenue collection embezzled part of the fund for their own selfish ends
(iv) Acute shortage of fund: Most local governments do not have enough funds to operate
(v) Bribery and corruption: Some officials demand and even take bribe before performing their normal functions
(i) Promoting Unity: It has aims of promoting unity and solidarity among African states.
(ii) Living condition: To ensure good living standard for the people.
(iii) Common defence: member states agreed that they should jointly cooperatively defend their territories against external aggression.
(iv) Eradication of colonialism: They agreed to work toward the eradication of all forms of colonialism and imperialism on the continent.
(v) Promotion of international peace : Member states agreed to work together with other organizations eg U.N.O to promote international peace.
(i) The president of a country according to 1989 constitution of federal republic of Nigeria must ensure the independence of judiciary
(ii) President must ensure that fundamental human right is achieved
(iii) The president should ensure that the citizenship of the country is well defined
(iv) The president of a country according to 1989 constitution should ensure separation of power
(v) Nomination of chairman of electoral commisssion
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