Which economic system is usually associated with government ownership of the means of production and central planning?

A) Communism
B) A market system
C) Mercantilism
D) Fascism
E) Capitalism

Government Ownership

The situation in which assets, enterprises, or industries are owned and operated by the government rather than private individuals or companies.

Mean of Production

Likely a typographic error intended to refer to "Means of Production," which are the resources (such as land, labor, and capital) used to produce goods and services.

Central Planning

An economic system where the government or a central authority makes all decisions regarding the production and distribution of goods and services.