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Centralized planning: the state determines what to produce and how much of it to produce
Communal property of land: individuals don't own land.. the State owns all the land.
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoThe essential characteristic of a communist economy is having an army and a strong group people behind you. Look at Lenin In WW2. you need strong plans for country.
paulbenn
Communism has no wages, no prices, no money, hence no economy.
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What is the most essential characteristic of a market economy?
Customers
Which is generally a characteristic of a communist economy?
Generally, a communist country is characterized by an economy in which the owners of businesses do not own their means of production. In a communist society it is a general practice for the government to regulate businesses and the amount of money that people make.
What are the essential characteristic of science?
The essential characteristic of science is objectivity.
The economic system in which the government is in almost complete control of the economic activity is called?
State capitalism. Not Communism, which has no government and no wages system.
What kind of economy does Angola have?
Angola has a communist economy!
What is the economy for Laos?
Communist
What economy is similar to command economy?
A command economy is the same as a socialst or communist economy.
What describes a characteristic of the north economy?
Industrialization is a characteristic that describes the North's economy. Factories and railroads helped to build the economy in North America.
Examples of a communist economy?
canada
What is the characteristic of a solutions?
The essential characteristic is the concentration of the solute.
Is Uruguay a capitalist or communist economy?
A capitalist economy since its conception.
Which characteristic is most essential to democratic society?
The characteristic that is the most essential to a democratic society is the ability to vote. People get to choose their leaders and rules.
