Question

under which governing system are the means of generating wealth owned by the government and not private individuals?

Answer 1

Under socialism there is means of generating wealth owned by the government and not private individuals.

Given that in a government system there is means of generating wealth owned by the government and not private individuals.

We are required to tell the name of the government system in which there is means of generating wealth owned by the government and not private individuals.

The term or name of the government system is socialism.

Socialism is basically a left-wing to far-left economic philosophy and movement encompassing a range of economic systems characterized by the dominance of social ownership of the means of production as opposed to private ownership.

Learn more about socialism at brainly.com/question/14693002

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