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The Communism Economic System

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Q: What social and economic system in which classes are abolished and property is commonly controlled?
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What is a socio economic system in which property and the distribution of wealth are controlled by the community for the purpose of achieving social and economic equality?

Certain brands of socialism/communism.


What is an economic system in which land property and capital property are properly owned and equally allocated and planned not controlled by a free market?

Centrally planned economy


An economic system where all business is controlled by people who share equally in the profits is called?

Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.


How many different economic systems exist?

Communism - land, means of production and property are owned by the people as a group, but the government makes all the economic decisions. The government decides which goods are available at a given time. Socialism - all land, property, and means of production is controlled by the government. All economic decisions are made by the government. The government decides what gods are produced. Capitalism (market economy) - entrepreneurs risk capital in a business. Economic decisions of what to produce is controlled by supply and demand. Price is controlled by demand for the most part. Private ownership is an important part of capitalism. Government decisions affect the economy in a capitalistic society. Barter- People trade for what they need.


Capitalism is an economic system in which all property is shared among all people?

No! Communism is an economic system in which all property is shared among all people.

Related questions

When were the property ownership qualification for voting abolished?

By 1828 the property ownership qualification for voting had begun to be abolished, but it was not until 1840 that property ownership qualification were completely abolished.


What is a socio economic system in which property and the distribution of wealth are controlled by the community for the purpose of achieving social and economic equality?

Certain brands of socialism/communism.


What is an economic system in which land property and capital property are properly owned and equally allocated and planned not controlled by a free market?

Centrally planned economy


What is capitalisum?

Capitalism is a political or economic system that a country's industry or trade is being controlled by private owners for property. Capitalism has continued throughout history.


What does Marx have to say about private property?

Marx criticized the concept of private property, arguing that it led to social inequalities and the exploitation of the working class by the capitalist class. He believed that abolishing private property and transitioning to a system of common ownership of the means of production would help create a more equal and just society.


An economic system where all business is controlled by people who share equally in the profits is called?

Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.


How many different economic systems exist?

Communism - land, means of production and property are owned by the people as a group, but the government makes all the economic decisions. The government decides which goods are available at a given time. Socialism - all land, property, and means of production is controlled by the government. All economic decisions are made by the government. The government decides what gods are produced. Capitalism (market economy) - entrepreneurs risk capital in a business. Economic decisions of what to produce is controlled by supply and demand. Price is controlled by demand for the most part. Private ownership is an important part of capitalism. Government decisions affect the economy in a capitalistic society. Barter- People trade for what they need.


Who said equality among men would not be achieved until property was abolished?

Bonaparte


Who controlled a married women's property?

her husband


What has the author Norman Siebrasse written?

Norman Siebrasse has written: 'A property rights theory of copyright law' -- subject(s): Copyright, Economic aspects, Economic aspects of Copyright, Economic aspects of Intellectual property, Intellectual property


Who controlled a married womans property?

Her husband


Who controlled a married English woman's property?

Her husband.