Which economic system holds the belief that if assets are held by all, then all individuals will benefit?

Question

Quizplus · Accepted Answer

Socialism is an economic system that is based on the belief that ownership and control of the means of production should be held by the community as a whole, rather than by individuals. This means that everyone in the community benefits from the assets, instead of a select few individuals or corporations.

Which Economic System Holds the Belief That If Assets Are