Which of the following economic systems is based on the premise that some,if not most,basic businesses should be government owned so that profits can be evenly distributed among all the people?

Question

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Socialism is the economic system based on the premise that some, if not most, basic businesses should be government-owned so that profits can be evenly distributed among all the people. Capitalism is the economic system based on private ownership and profit-making. Communism is a form of socialism where the government owns all means of production and controls all aspects of economic activity. Mixed economic systems combine elements of both capitalism and socialism, where some industries are privately owned and others are owned by the government.

Which of the Following Economic Systems Is Based on the Premise