Question

traditional
customs and
traditions determine
what is to be
produced.
distribution of goods
and services are kept
locally.
capitalism/free
enterprise
production and
distribution of goods
and services is based
on private ownership.
socialist
the government owns
some factors of
production, usually
the major industries.
communist
national ownership of
all production and
distribution of goods
and services
in which of the economic systems above would the factors of production be collectively owned
for the common good, with no one being able to own property?
capital/free enterprise
communist
traditional
socialist

Explanation:

To determine the economic system with collective ownership of factors of production for the common good and no private property, we analyze each system:

• Capital/Free Enterprise: Based on private ownership (eliminated).
• Communist: The table states "National ownership of all production and distribution of goods and services"—this aligns with collective ownership and no private property.
• Traditional: Focuses on local customs/traditions (not collective ownership of all production).
• Socialist: Government owns some factors (not all, so not fully collective).

Answer:

Communist