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What social and economic system in which classes are abolished and property is commonly controlled?
The Communism Economic System
What economic system is based on collective ownership?
Communism
What kind of economic system did the Bolsheviks believe in?
Communism
What is the difference between communism and capitalism in terms of their economic and political systems?
Communism is an economic and political system where the government owns and controls all resources and means of production, aiming for equality among all citizens. Capitalism, on the other hand, is a system where individuals and businesses own and control resources and means of production, with a focus on competition and profit.
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?
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?
In a communist economic system, the government owns and controls all means of production and distribution, while in a free market economy, these are owned and controlled by individuals and private corporations. Communism aims for equal distribution of wealth among all citizens, whereas a free market system promotes competition and allows for varying levels of wealth accumulation.
In which political system does the government control the production of all food and goods?
A command economy, such as communism or socialism, is a political system where the government controls the production of all food and goods. This system aims to centrally plan and coordinate economic activities to achieve specific objectives.
Communism is a system in which the government?
plans and controls the nation's economy
What social and economic system in which classes are abolished and property is commonly controlled?
The Communism Economic System
What economic system is based on collective ownership?
Communism
What kind of economic system did the Bolsheviks believe in?
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 is the difference between communism and capitalism in terms of their economic and political systems?
Communism is an economic and political system where the government owns and controls all resources and means of production, aiming for equality among all citizens. Capitalism, on the other hand, is a system where individuals and businesses own and control resources and means of production, with a focus on competition and profit.
