A system of government which is based on the public ownership of means of production and distribution is called? by Sunday | Jun 17 | Government WAEC | 0 comments A. welfarism B. socialism C. feudalism D. authoritarianism Correct Answer: Option B – socialism Users Also Read These:The transfer of ownership of a business from…Private ownership of the means of production is central to?The political system which allows equal access to…A system in which the means of production is held in…A system based on hierarchies of land ownership is?