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What social and economic system in which classes are abolished and property is commonly controlled?

The Communism Economic System


What is a socio economic system in which property and the distribution of wealth are controlled by the community for the purpose of achieving social and economic equality?

Certain brands of socialism/communism.


An economic system where all business is controlled by people who share equally in the profits is called?

Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.


How many different economic systems exist?

Communism - land, means of production and property are owned by the people as a group, but the government makes all the economic decisions. The government decides which goods are available at a given time. Socialism - all land, property, and means of production is controlled by the government. All economic decisions are made by the government. The government decides what gods are produced. Capitalism (market economy) - entrepreneurs risk capital in a business. Economic decisions of what to produce is controlled by supply and demand. Price is controlled by demand for the most part. Private ownership is an important part of capitalism. Government decisions affect the economy in a capitalistic society. Barter- People trade for what they need.


In a communist economy all economic activities are controlled by?

In a communist economy, all economic activities are controlled by the state or the government. This centralized control aims to eliminate private property and ensure that resources and production are distributed according to the needs of the community rather than individual profits. The government plans and manages all aspects of the economy, including production, distribution, and pricing, in an effort to achieve economic equality and eliminate class distinctions.

Related Questions

What social and economic system in which classes are abolished and property is commonly controlled?

The Communism Economic System


What is a socio economic system in which property and the distribution of wealth are controlled by the community for the purpose of achieving social and economic equality?

Certain brands of socialism/communism.


What is capitalisum?

Capitalism is a political or economic system that a country's industry or trade is being controlled by private owners for property. Capitalism has continued throughout history.


An economic system where all business is controlled by people who share equally in the profits is called?

Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.


How many different economic systems exist?

Communism - land, means of production and property are owned by the people as a group, but the government makes all the economic decisions. The government decides which goods are available at a given time. Socialism - all land, property, and means of production is controlled by the government. All economic decisions are made by the government. The government decides what gods are produced. Capitalism (market economy) - entrepreneurs risk capital in a business. Economic decisions of what to produce is controlled by supply and demand. Price is controlled by demand for the most part. Private ownership is an important part of capitalism. Government decisions affect the economy in a capitalistic society. Barter- People trade for what they need.


Who controlled a married women's property?

her husband


Who controlled a married womans property?

Her husband


Who controlled a married English woman's property?

Her husband.


What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building a company purchased property for a building site the costs?

The costs associated with purchasing property for a building site should be allocated between land and the new building based on their respective values. Generally, the purchase price of the land, along with any related costs such as legal fees, property taxes, and site preparation, should be allocated to the land. Conversely, construction costs, permits, and any expenses directly related to building the structure should be allocated to the building itself. Each component's allocation should reflect its fair market value or incurred costs to ensure accurate financial reporting.


In a communist economy all economic activities are controlled by?

In a communist economy, all economic activities are controlled by the state or the government. This centralized control aims to eliminate private property and ensure that resources and production are distributed according to the needs of the community rather than individual profits. The government plans and manages all aspects of the economy, including production, distribution, and pricing, in an effort to achieve economic equality and eliminate class distinctions.


Can you sell land out of a revocable trust?

Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.


What has the author Norman Siebrasse written?

Norman Siebrasse has written: 'A property rights theory of copyright law' -- subject(s): Copyright, Economic aspects, Economic aspects of Copyright, Economic aspects of Intellectual property, Intellectual property