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What controls the price of goods and services in the economic system of communism?
Wiki User
∙ 14y ago
Economic activities in the communist system is controled by the public in the sense that the government tries to control all economic activities by setting up different organizations and sectors in order to provide social-economic demands to the public or citizen.
Wiki User
∙ 12y ago
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What social and economic system in which classes are abolished and property is commonly controlled?
The Communism Economic System
What kind of economic system did the Bolsheviks believe in?
Communism
What economic system is based on collective ownership?
Communism
Theoretically speaking communism is an economic system that includes which of the following characteristics?
Theoretically speaking communism is an economic system that includes which of the following characteristics?
Is communism is the economic system that is the most influenced government?
true
Who controls the prices of goods and services in the economic system communism?
The government decides where to invest resources.
Who controls the prices of the goods and the services in the economics system of the communism?
The government decides where to invest resources.
Is communism considered a religon?
No; communism is an economic system.
What describes a difference between communist and free economic systems?
Communism controls all sectors of the economy while free market does what is sounds like it lets all sectors move and work at will.
What social and economic system in which classes are abolished and property is commonly controlled?
The Communism Economic System
Communism is a system in which the government?
plans and controls the nation's economy
What kind of economic system did the Bolsheviks believe in?
Communism
What economic system is based on collective ownership?
Communism
What was The free enterprise system vs communism?
Free enterprise system is what America has with freedom in all. China has communism where the government controls everything.
Theoretically speaking communism is an economic system that includes which of the following characteristics?
Theoretically speaking communism is an economic system that includes which of the following characteristics?
What are the two economic systems?
Traditional economic system. The traditional economic system is based on goods, services, and work, all of which follow certain established trends. Command economic system. In a command system, there is a dominant centralized authority – usually the government – that controls a significant portion of the economic structure. Market economic system. Market economic systems are based on the concept of free markets. In other words, there is very little government interference. Mixed system. Mixed systems combine the characteristics of the market and command economic systems. For this reason, mixed systems are also known as dual systems.
In what countries a single authoritarian party usually controls the political system and the government owns most property and directs the majority of economic activity?
When a single authoritarian party controls the political system and the government owns most property and directs the majority of economic activity, it is a communism. Communist countries include China, Cuba, and Vietnam.
