which system has complete public ownership of the means of production

Answer 1

The economic system that has complete public ownership of the means of production is called socialism. In a socialist system, the government or the public collectively owns and controls the resources, industries, and means of production. This is in contrast to capitalism, where the means of production are privately owned and operated for profit. It's important to note that there are different variations of socialism, ranging from democratic socialism to more centrally planned economies.