Multiple Choice 20 points Under which economic system would the government control the means of production? Capitalism Socialism

## Step 1<br />The question is asking about the economic system where the government controls the means of production. The means of production refer to the resources used to produce goods and services, such as land, labor, and capital.<br /><br />## Step 2<br />In a capitalist economic system, the means of production are owned and controlled by private individuals or corporations. The government's role is limited to enforcing laws and regulations to ensure fair competition and protect property rights.<br /><br />## Step 3<br />On the other hand, in a socialist economic system, the means of production are owned and controlled by the state or the community as a whole. The government plays a significant role in the economy, often through central planning and state-owned enterprises.<br /><br />## Step 4<br />Given these definitions, the correct answer is Socialism, as it is the economic system where the government controls the means of production.