Collective ownership of property is associated with?

A. feudalism
B. communism
C. mercantilism
D. capitalism

Correct Answer:

Option B – communism

Explanation

Collective ownership of property is associated with Communism.

It should be noted that Communism is a social system where the means of production, distribution and exchange are completely owned and managed by the State. The economy is operated centrally and individuals have little or no opportunity for private enterprises.