Which economic system would be most likely to restrict or heavily regulate a platform like TikTok in terms of content and ownership?

The economic system most likely to restrict or heavily regulate a platform like TikTok in terms of content and ownership would be a Command or Planned economy.

Step 1: Understanding the different economic systems There are primarily four types of economic systems - Traditional, Market, Mixed, and Command.

Step 2: Analyzing the characteristics of each system

• Traditional economies are based on customs, beliefs, and traditions and have little to no digital platform regulation.
• Market economies, also known as free enterprise economies, have minimal government intervention. The decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.
• Mixed economies are a blend of market and command economies. They have a mix of capitalist and socialist structures. The government has a significant role in the economy but also allows for private enterprises.
• Command economies, also known as planned economies, are characterized by significant government control and planning. The government controls the means of production and makes all decisions regarding their use and about the distribution of income.

Step 3: Identifying the system most likely to restrict or heavily regulate a platform like TikTok Given the characteristics of each system, a Command economy would be most likely to restrict or heavily regulate a platform like TikTok in terms of content and ownership. This is because in a command economy, the government has the power to control and regulate all forms of media and communication, including digital platforms like TikTok. They can set rules about what kind of content can be shared, who can share it, and how it can be monetized.