Question

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 answer is socialism ...

Answer 2

The system of social organization in which the means of producing and distributing goods is owned collecively or by a centralized governent that often plans and controls the economy is called socialism. It has been used in many cases and shown to be a very problematic economic system.