Answer:
C: Socialist system of government is most likely being described in the given lines.
Explanation:
Socialist is the type of government in which everyone in the society owns equally the factors of production, i.e. labour, natural resources, capital goods etc. Workers are not exploited in this kind of system, Profits are shared equally among all the workers according to the work they have done. They basically believe in cooperation.
In the given lines, it is said that nobody was rich or poor, but everyone was equal, so things were going smoothly. Thus, the answer is Option C: Socialist.
