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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.
Wiki User
∙ 9y ago
paulbenn
Communism has no wages or prices or money, so cannot have an economy.
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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!
Examples of a communist economy?
canada
Is Uruguay a capitalist or communist economy?
A capitalist economy since its conception.
Why did Germany form a communist economy?
Because the Soviets installed a communist puppet government.
What is an essential characteristic of a communist economy?
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.
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
Is Uruguay a capitalist or communist economy?
A capitalist economy since its conception.
What are the characteristic of a communist government?
Communism has no government, as it has no classes, no money, no coutries.
What type of economy does Venezuela?
Venezuela has a more communist than capital economy.
Why did Germany form a communist economy?
Because the Soviets installed a communist puppet government.
What countries have a communist economy?
None currently
