A system of government which is based on the public ownership of means of production and distribution is called

A system of government that is based on the public ownership of means of production and distribution is called socialism. This means that the government or the people collectively own and control the resources, industries, and services that are necessary for economic activity. The goal of socialism is to create a more equal and just society, where resources are distributed fairly and everyone has access to basic needs like healthcare, education, and housing. In a socialist system, the government plays a significant role in regulating the economy and ensuring that everyone has access to essential services. Overall, socialism is a system of government that emphasizes the collective ownership and control of resources, with the aim of creating a more equal and just society.