If you lived under an economic system in which the government controlled all aspects of production which economic system would this be?

The economic system in which the government controls all aspects of production is called socialism, specifically in its more extreme form known as communism. In this system, the state owns and manages resources and industries to ensure equal distribution of wealth and services among the population. This approach aims to eliminate class distinctions and provide for the needs of all citizens, but it can also lead to inefficiencies and a lack of individual incentives.