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Socialism is when ownership of production and distribution is controlled collectively or by the government. The opposite of socialism is capitalism.

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What is the system of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy is call?

socialism


How are socialism and democracy alike?

SOCIALISMAny of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy.DEMOCRACYGovernment by the people, exercised either directly or through elected representatives.


What is the antonym of socialism?

Socialism:noun: Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy. Antonyms: capitalism, the profit-system, wage labor, business enterprise, private property


How The system of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy is called .?

This is an essay answer because we don’t do homework and your teacher is looking for your critical thinking skills.


What term is similar to socialisam?

socialism is a government term referring to ideas or theories that support government ownership of ways of producing and distributing of of goods or merchandise


Consumerism?

Concentration on producing and distributing goods for a market which must constantly be enlarged


What was a challenge for know- nothings elected to office?

producing change in government


Which social institution provides a system for producing and distributing goods and services?

The economic institution is responsible for producing and distributing goods and services within a society. It encompasses various systems, such as capitalism, socialism, and mixed economies, which dictate how resources are allocated and how goods are exchanged. Through markets, businesses, and government regulation, the economic institution plays a crucial role in meeting the needs and wants of individuals and communities.


What is the organized set of procedures that a nation follows in producing and distributing goods and services?

Economic System


Who developed an entire system for producing and distributing electrical power?

Sir Thomas Alva Edison.


What is a country's system of producing distributing and consuming goods and services called?

Economy or "economic system"


Who was the inventor of the fifth wheel?

A man called Rudolph Steingass invented the fifth wheel and build a company producing and distributing them.