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It is based on the equitable distribution of wealth among a nation's citizens and common ownership of all property. A) Communism B) Capitalism C) Socialism D) Credentialism Individuals can own personal property but all industrial and production capacity is communally owned and m...

It is based on the equitable distribution of wealth among a nation's citizens and common ownership of all property. A) Communism B) Capitalism C) Socialism D) Credentialism Individuals can own personal property but all industrial and production capacity is communally owned and managed by a democratically elected government. A) Communism B) Capitalism C) Credentialism D) Socialism Private ownership of economic resources and property is actively encouraged with little to no government intervention. A) Capitalism B) Socialism C) Communism D) Credentialism All economic resources are publicly owned and controlled by the government. Individuals hold no personal property or assets. A) Communism B) Socialism C) Capitalism D) Credentialism There exists a distinct class whose standing in society is measured by the material wealth in their possession. A) Socialism B) Credentialism C) Communism D) Capitalism Class is abolished. The chances of one worker earning more than the other are nonexistent. A) Capitalism B) Socialism C) Credentialism D) Communism The welfare system is available only to those who have the wealth to pay for their services. A) Capitalism B) Credentialism C) Socialism D) Communism The state will be for the welfare of everyone in the society without any discrimination.  A) Socialism B) Communism C) Credentialism. D) Capitalism The result of competition is unequal economic class. A) Capitalism B) Communism C) Credentialism D) Socialism Result of competition is economic equality. A) Capitalism B) Credentialism C) Socialism D) Communism