answersLogoWhite

0

Under communism, private property is abolished, and all means of production are collectively owned by the state or the community. Property owners would typically lose their ownership rights, as the government would redistribute land and resources to promote equality and eliminate class distinctions. Individuals may continue to live in their homes, but they would no longer have the same rights to buy, sell, or profit from property as they did under capitalism. This shift aims to create a classless society where wealth is distributed more evenly among the population.

User Avatar

AnswerBot

5d ago

What else can I help you with?

Related Questions

Is socialism gives the government more control than communism true?

False, communism when actually employed in government is much more controlling than standard socialism. Communism is an extreme version of socialism. Under communism, private ownership, private property & business ownership is forbidden. Fascism is a less extreme version of socialism. Under Fascism, business & property ownership is allowed but controlled & directed by the government.


What is the consequences of not paying California property tax?

If an owner of property does not pay their property taxes then the town has the power to take possession of the property and sell it under state laws.


Can a trustee get a loan on the property held in trust to pay off heirs?

Trustee is not the owner of the property and hence he will have no right to sell the property held under trust.


Under what circumstances can cops enter private property?

Police officers can enter private property under certain circumstances, such as with a search warrant, if they have probable cause to believe a crime is being committed, or if they have the property owner's consent.


What happen to an English women's property when she married?

it came under the control of her husband


What is fee ownership?

Fee simple is the highest form of property ownership. The fee owner has the right to the use and possession of the property and the right to devise it by Will. If the owner dies without a Will the heirs inherit under the laws of intestacy.


Can a gifted property be reclaimed by the original owner?

Yes, a gifted property can be reclaimed by the original owner under certain circumstances, such as if the recipient fails to fulfill certain conditions or obligations set forth in the gift agreement.


Can a property in two names be forced to sell under a one name personal guarantee?

No. One co owner of a property can only mortgage their own interest in the property. If they default, the lender can only foreclose on their interest and not on the interest of the other owner who did not consent to the mortgage.


How do you apply for a court order to stop a co-owner from severing a joint tenancy?

Under long standing common law principles a property owner under a deed that created a joint tenancy has the legal right to sever the joint tenancy. A court will not prohibit that right.Under long standing common law principles a property owner under a deed that created a joint tenancy has the legal right to sever the joint tenancy. A court will not prohibit that right.Under long standing common law principles a property owner under a deed that created a joint tenancy has the legal right to sever the joint tenancy. A court will not prohibit that right.Under long standing common law principles a property owner under a deed that created a joint tenancy has the legal right to sever the joint tenancy. A court will not prohibit that right.


Is Poland run under communism?

No, since 1989 Poland is no longer run under communism.


Find a home owner from an address?

To find the legal owner of the property you can visit the local tax assessor's office and look up that address in the records. The property will be listed under the name of the legal owner. You may also find a deed reference that you can use to look up that property in the local land records office.


How can you change the name on a deed of a property lots?

The only way to change the name on a deed is for the owner of the property to execute a new deed transferring the property to new owners or to herself and another co-owner or through a straw and back to herself under her new name.