A political system in which the state owns and controls the major means of production is known as?

A political system in which the state owns and controls the major means of production is known as socialism. In this system, the government is responsible for controlling and managing the production and distribution of goods and services, with the aim of ensuring equal distribution of wealth and resources among the population. This is different from capitalism, where private individuals own the means of production and the market determines the distribution of goods and services, and from feudalism, which was a political and social system in medieval Europe where lords owned the land and serfs worked on it. It is also different from fascism, which is a political ideology that emphasizes strong government control and nationalism.