An economic system in which nearly all capital is collectively owned is called
A)Capitalism.
B)Communism.
C)Shared economy.
D)Socialism.

Name: An economic system in which nearly all capital is collectively owned is called A)Capitalism. B)Communism. C)Shared economy. D)Socialism.
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Question

Quizplus · Accepted Answer

Communism is characterized by the collective ownership of capital and the means of production, with the aim of achieving a classless society where goods and services are distributed according to need.

An Economic System in Which Nearly All Capital Is Collectively