Which of the following political systems is based on the assumption that the collective welfare of people should take precedence over individual welfare?

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Socialism is a political system that emphasizes the collective welfare of people over individual gain. In a socialist system, resources and means of production are owned and controlled by the state or the community as a whole, rather than by private individuals or corporations. This system aims to provide universal access to healthcare, education, and other essential services, and to reduce economic inequality. Socialism is often contrasted with capitalism, which prioritizes individual freedom and private property rights.

Which of the Following Political Systems Is Based on the Assumption