This is one definition of "socialism."
The social extension is called "communism" in that a classless society shares equally the responsibility and benefits of production.
Government ownership of the means of production is state capitalism.
Collective
Economics is the branch of social science that deals with the production and distribution and consumption of goods and services and their management.
The purpose of socialism is to create a more equitable and just society by advocating for collective ownership and distribution of resources. It aims to address inequality and provide equal opportunities for all individuals, regardless of their socio-economic background. The ultimate goal is to diminish the influence of capitalism and empower the working class.
The 18th Amendment outlawed the production and distribution of alchol.
Increase in food production and distribution.
Economics is about the allocation of resources for the production and distribution of goods and ___________.
An Economist studies the production distribution and consumption of goods and services
An Economist studies the production distribution and consumption of goods and services
No. Distribution is a separate company function.
economics
Cotton production and distribution in India before the industrial revolution was done in large-scale.
Socialism--this is the dictionary definition of socialism. Particularly relevant right now, since it is the path we in the US are blindly blundering down as we nationalize banks and buy 60% interest in automakers using taxpayer money, but without the permission of the taxpayers or the administration even bothering to ask the congress. This path has always historically ended in economic collapse and the destruction of the civil society. --Steve Davis Denver, Colorado