Question

Short answer please

The system of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy is called _____.

socialism
liberalism
capitalism
utilitarianism

Answer 1

The system of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy is called (capitalism)

Answer 2

liberalism would be the correct answer.