Question

What is a system where wealth and property are privately held and profit is the goal rather than providing for collective needs?

Answer 1

capitalism

Step-by-step explanation:

Answer 2

This system is called "capitalism" - and this system is named after the "capital", that is the means of production, such as factories, machines and the land. This capital is in the hands of private people and not in the hands of the government (that is not a communal good)