answersLogoWhite

0


Best Answer

government ownership of property

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: A key principle of the economic theory of communism is?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about General History

What are 3 key aspects of communism?

If one is referring to Classical Communism. (The original branch of Communism founded by Karl Marx and Frederich Engels) Then some of the main points worth knowing about Communism are:An armed revolution must occur.Abolishment of private propertyFinancial and political equality for all communistsAny and all political decisions are made by all communists members.The "leader" is just a figure head, holding no legitimate power.I hope this helped you become less ignorant (def: lack of knowledge) about the political ideology that is Karl Marx's Communism. Remember though, this is Classical Communism. These do not apply to Leninism, Stalinism, Trotskyism, Maoism, or the Little Brother Communist States (ie, Cuba and Vietnam).


Did Mussolini support government ownership of property?

first answer: No, Mussolini and fascism did not support government ownership of property. He encouraged private ownership. second improved answer: Fascism & communism are both socialist political & economic movements. Private property ownership is one of the major differences between fascism & communism. However, in fascism the government controls the usage of property, land, & private businesses. Fascism perverts & corrupts capitalism, such that economic & political freedom is lost. The Fascist government can decide to seize the assets of any person or business, solely on the orders of key fascist leaders. One of the ways that Hitler & Mussolini received public support from their people was to promise to resist communism (which would have seized all private property). However, Hitler & Mussolini would have eventually gravitated towards the seizure or control of all property. As you can see, communism & fascism are vey similar, with communism being the most extreme form of socialism.


What was the key event in the relationships between Russia and the US - when they stopped being allies and started being enemies?

Communism.


Who was Werner Heisenberg and what did he do?

He was a German physicist and one of the key developers of quantum theory in the 1920s, most famous for the 'Heisenberg uncertainty principle', stating that it was impossible to measure the velocity and position of an electron at the same time. Later, he headed the Nazi effort to build a nuclear bomb (fortunately this was less successful).


What were the key events of Soviet Union?

leading power with the united states -nucleur weapons -communism -satelites -puppet governments

Related questions

Economic buyer theory assumes what?

Get the most for your money, get the cheapest there is,quantity is key.


Describe the key principles of socialist and communist economic systems?

Socialism and Communism are the same: a classless stateless society based on production for use, with no classes or rulers or money or borders. Just people working together for the common good. And no economic system.


What are the key elements of Comparative Advantage?

Comparative Advantage is the idea that one person/business/or area can offer a product at a better price than another. The key elements would be the social and economic impact of this theory.


What are three key economic questions?

The three key economic questions are: What to produce? How to produce it? Who will consume it?


What is Mercatalism?

An economic theory/philosophy in which the economic success of a sovereign nation depends upon the increase of its capital (total goods owned). Key Points of Mercantilism * More exports than imports * Protectionism * High tariffs (trade taxes)


A nations plan for answering the key economic problems is called its economic?

Economic System


What is The Principle of Self Interested Behavior?

The Principle of Self-Interested Behavior posits that individuals act in a way that they believe will maximize their own well-being or utility. It is a key concept in economics and rational choice theory, assuming that people make decisions based on their own self-interest. This principle helps explain why individuals make certain choices in various situations.


What is system of government gives all key powers to the national government?

Communism


How is economic competition applied to socialism and communism?

In socialism, economic competition is limited as key industries are commonly owned and controlled by the state or the community, aimed at minimizing income inequality and ensuring fair distribution of resources. However, some level of competition might exist within smaller-scale enterprises or cooperatives. In communism, economic competition is essentially abolished as the goal is to establish a classless society where resources are shared equally and production is based on need rather than profit.


What are the most common questions asked about commuism?

Some common questions asked about communism include: How does communism differ from capitalism? What is the role of the government in a communist system? How does communism address issues of inequality and social class? What are the main criticisms of communism as a political and economic system?


Which is not a key principle to effective resource management?

initial planning


The present is the key to the past This statement rephrases the?

Principle of Uniformitarianism.