What is the economic system in which property and income distribution are controlled by the government?

The economic system where property and income distribution are controlled by the government is socialism. In a socialist system, the state typically plays a significant role in regulating resources and redistributing wealth in an effort to promote social welfare and reduce economic inequalities among citizens.

Socialism allows for both public and private ownership, but it emphasizes the role of government in guiding economic activities and ensuring that the needs of the community are met. Governments in socialist economies may own and manage critical industries, such as healthcare, education, and transportation, which are deemed essential for public welfare.

While communism also advocates for government control over property and income distribution, it seeks to establish a classless society where all means of production are communally owned, essentially eliminating private property altogether. This distinction is crucial in understanding the nuances of each economic system.

Capitalism and feudalism differ significantly from socialism; capitalism promotes private ownership and free markets with minimal government intervention, while feudalism involves a social hierarchy based on land ownership and duties owed to those higher in the social order. Therefore, socialism is the appropriate choice for this description.