196k views
1 vote
Collective ownership by all the people of the factories, mills, mines, railroads, land, and all other instruments of production.

Community

Socialism

Anarchy

2 Answers

3 votes
Socialism is probably the correct answer
User Esdes
by
6.9k points
1 vote

Answer:

The right answer is Socialism.

Step-by-step explanation:

Socialism is a populist economic system in which the means of production are provided by a central cooperative system and a government owns them. The competition between producers or market system is not allowed in this system, instead the government sets the output and the price levels of good and services. The objective is equivalent distribution of goods and services in order to get to an equitable society.

User Oktopus
by
6.6k points