Which system emphasizes public ownership and economic equality?

• A. Capitalism
• B. Mixed economy
• C. Socialism
• D. Feudalism

Answer: (C)

Public ownership and economic equality are central ideas in socialism. In socialist systems, the means of production—like factories, land, and resources—are owned or controlled by the community or the state, with the aim of distributing wealth and services more evenly rather than letting outcomes be driven solely by private wealth and market forces. This contrasts with capitalism, where private ownership and competition often lead to inequalities based on market success. A mixed economy includes both private and public sectors but does not center public ownership as its defining feature. Feudalism is a historical system built on hierarchical land ownership and obligations, not on public ownership or equal distribution.