answersLogoWhite

0


Best Answer

Socialism and Communism are the same: a classless stateless society based on production for use, with no classes or rulers or money or borders. Just people working together for the common good. And no economic system.

User Avatar

paulbenn

Lvl 13
1y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

10y ago

Eggs.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Describe the key principles of socialist and communist economic systems?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Does Mexico have a free enterprise socialist or communist?

It has a free enterprise or "capitalistic" economic system.


What system both political and economic did the Russian revolution implement in 1917?

The Russian Revolution implemented a socialist, not a communist, system in 1917. It became "communist" in name only. The reason it was socialist is that all property, land and industry were considered owned by the government, not by the people.


What type of terrorists want to destroy economies based on free enterprise and replace them with socialist or communist economic systems?

Left-wing


What is the China's economic system?

China has a "mixed" economy, part socialist/communist, part capitalist. It's centrally managed by an authoritarian government.


What is China's economic systems?

China has a "mixed" economy, part socialist/communist, part capitalist. It's centrally managed by an authoritarian government.


When was Economic Calculation in the Socialist Commonwealth created?

Economic Calculation in the Socialist Commonwealth was created in 1920.


What kind of economic system do Vietnam have?

a communist state. Also It has an unlimited government and its an authority based government. The Socialist Republic of Vietnam is a single-party socialist state having a communist government.


What is the name of the Economic alliance between communist countries?

The name of the communist alliance was known as the United Soviet Socialist Republics or USSR for short


The economic system developed by Marx was?

Socialist


Is China communist or socialist country?

There has never been a country that is communist as communism requires the absence of government which the dictatorship known as China certainly doesn't have. China was socialist like the USSR before the early 90s where there were collective farms etc. Deng Xiao Ping introduced reforms to the economy and allowed foreign businesses to enter and for the Chinese to have private enterprise. China was a socialist dictatorship and is now a capitalist dictatorship.


Three reason for the success of socialist economic in past revolution in russia?

There is no evidence that the economic past was ever successful under the Russian socialist hegemony.


What is the economic system which has a socialist economic system and a totalitarian form of government?

CommunismNovaNet