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Most communist governments own all the businesses and property and the people lease them from the state. However more and more communist nations are dabbling in the free market lately. China still owns most of the businesses in China, but a few small mom and pop operations have been allowed to flourish.
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What are propery rights all about?
Property rights are all about detecting whether a resource owned properly or used, and who owns that resource whether it is the government, and so on.
In a capitalist system the government owns property and decides how to use it true or false?
In a state capitalist system, the government owns the main means of production and decides how they are used. In other forms of capitalism, private capitalists do so. But all types of capitalism involve ownership and control by the capitalist class.
Who is the person who owns the state government?
all the people living in that state
What is an economy where government owns all production and industry?
Command Economy.
Is a government monopoly one that is created by the government for the sole reason of making money for government use?
No. A government monopoly refers to a situation in which the government owns all the outlets for a particular good or service.
