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Yes--buying and selling involves profit and these occur in communist countries.
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∙ 14y ago
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How did people deal with communism?
not well
What is meant by the term profit?
the term profit means the profit is made from a proportion of sales revenue.
What is profit oriented organization?
Non profit making organization is the type that does not deal with profit oriented
What is non profit oriented organization?
Non profit making organization is the type that does not deal with profit oriented
What are communist policies on wages and profit?
Communism has everyone {no matter what their job is } have the same pay.
What is the meant by profit?
the term profit means the profit is made from a proportion of sales revenue.
Is the human future capitalism or communism?
Communism appears to be receding, so, for at least the short term, capitalism is ascendant.
How does capitalism and communism attempt to meet the needs of the people?
Capitalism is all about profit for the few, while Communism is about production to meet human need, with no classes or government or markets.
Do capitalism and communism have similar views on the ownership of a business and its resources?
No, capitalism and communism have very distinct views about the allocation of resources in a society. Capitalism supports private ownership with the profit motive, deriving additional expansion by accumulating more capital from continual investment. Communism supports social ownership of social resources for the benefit of society, not for profit.
Term to explain Limiting the spread of communism?
Containment
What term represents the symbolic border between Democracy and Communism?
William Churchill coined the term iron curtain as the symbolic border between Democratic Europe and Communism.
What term does the cold war best describe?
Fear of Nuclear War Fight against Communism / Spread of Communism
