2018 Neco Gce Government Exam Expo, 2018/2019 NECO GCE Government Answers
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*#
(i) Every individual has the right to accumulate property, (ii) An individual is free to use his property according to his will and (iii) 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.
The separation of powers is a model for the governance of a state. Under this model, a state’s government is divided into branches, each with separate and independent powers and areas of responsibility so that the powers of one branch are not in conflict with the powers associated with the other branches. The typical division is into three branches: a legislature, an executive , and a judiciary , which is the trias political model. It can be contrasted with the fusion of powers in some parliamentary systems where the executive and legislative branches overlap
2a) Constitutional government is defined by the existence of a constitution—which may be a legal instrument or merely a set of fixed norms or principles generally accepted as the fundamental law of the polity—that effectively controls the exercise of political power.
(i)Interactions among nations bring about economic advancement especially in the areas of technology.
(ii)Interaction among nations of the world can help to spread civilization and modernization.
(iii)Interaction among nations of the world can help to spread civilization and modernization.
(iv)Political interaction removes the interference of other states trying to dominate the others.
(v)The interaction among nations led to the establishment of political organizations.E.g. U.N.O,
(i)Common language:-Through there are variations in Igbo language, but all the communities that made up IBO land understood themselves and that helped to bring them together as one entity
(ii)Age Grades:-These age grades carry out a lot of uniting work ,maintained peace and order,acted as army that warded off external attack ,saw to the sanitation of the communities etc
(iii)Marriage:-The various communities in the pre colonial era widened the scope of unity and co operation among the various communities that inter – married
(iv)Supreme God:-The Ibos believed in the supreme God called Chukwu or Chineke who made everything in the world and that it was equally responsible for the happening of every event in their societies
(v)Trade:-The various communities in iboland had rotatory form of markets and people moved from one community to another to trade and this acted as a unifying factor.