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What economic system is based on collective ownership?

Communism


Economic system based on collective ownership?

Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.


What type of political system has collective government ownership of the economic system?

Socialism


Which economic system calls for a maximum of collective ownership?

Classical capitalism


What economic system calls for a maximum of private ownership?

that would be capitalism, i believe


An economic system where all business is controlled by people who share equally in the profits is called?

Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.


What is the economic system based on private ownership investment and profit?

Capitalism is the economic system based on private ownership and profit.


What is an anticapitalist?

An anticapitalist is someone who opposes the current economic system based on private ownership of the means of production, distribution, and exchange for profit. They often advocate for alternative economic structures that prioritize social welfare, equality, and collective ownership.


Which economic system would have the least private ownership?

Planned economic systems would have the least private ownership.


What is a collective economy?

A collective economy is an economic system where ownership of resources and the means of production is shared or collectively controlled by a group of individuals or the community as a whole. In this system, decision-making and distribution of goods and services are often based on principles of cooperation and mutual benefit rather than individual profit.


What economic system is based on private ownership?

capitalism


What economic system would you find the LEASTprivate ownership?

Communism