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In which type of government system is it most common for the government to own the factors of production?

A) Capitalist
B) Socialist
C) Monarchic
D) Oligarchic

1 Answer

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Final answer:

In a Socialist government system, it is most common for the government to own the factors of production and redistribute wealth to citizens through social programs.

Step-by-step explanation:

In which type of government system is it most common for the government to own the factors of production?

In a Socialist government system, it is most common for the government to own the factors of production. Socialism is an economic system in which the government owns and controls resources such as factories, large farms, and banks. The government accumulates wealth and redistributes it to citizens through social programs. In many socialist countries, the government is an oligarchy, meaning that only members of a certain political party or ruling elite can participate in government.

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