Question

In which economic system does the government own most of the factories, equipment, and agricultural lands?

Answer 1

In which economic system does the government own most of the factories, equipment, and agricultural lands? Communism. Communism is a type of economy, political, social and philosophical economy. In a communist society, each person works and contributes to society in best functional way they can but are paid according to their needs and what they are capable of. In a communist society, the government has control over just about everything.