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:The political system which allows equal access to…The transfer of ownership of a business from…Private ownership of the means of production is central to?A system based on hierarchies of land ownership is?The private ownership of the means of production is…SEE ALSO A one-party system is common to?