Tag: socialism
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https://encyclopedia.litcaf.com/wp-content/uploads/2025/10/Untitled-design-3-1.mp4 Capitalism, according to Investopedia, is a system of economics based on the private ownership of capital and production inputs, and on the production of goods and services for profit. This Adam Smith’s doctrine, Aynrand adds, is a social system based on the recognition of individual rights, including property rights. Nigeria was incorporated into the…
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https://encyclopedia.litcaf.com/wp-content/uploads/2025/10/Untitled-design-3-1.mp4 Socialism is an ethical science and a universal set of principles conceived as a guide to progressive governance. It is a principle that militates against the aiding and abetting of private ownership of the means of production to forestall the exploitation of man by man. Socialism was the self-professed philosophy of Awolowo’s Action Group…