A system of government which is based on the public ownership of means of production and distribution is called? By: Sunday|Published on: Jun 17|Categories: Government WAEC| 0 comments A. welfarism B. socialism C. feudalism D. authoritarianism Correct Answer: Option B – socialism Users Also Read These:A system of government which is based on public…The private ownership of the means of production is…An economy policy which encourages government…A system of government which allowed individual…The political system which allows equal access to…SEE ALSO According to Karl Marx; the mode of production that precedes capitalism is?