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It is a form of revolutionary socialism. In Karl Marx's Communist Manifesto, the bourgeois (rich snobs) were seen as taking advantage of the workers (proletariats), and all society would inevitably lead to a revolution resulting in socialism and communism. Ie a state controlled system, with a planned economy and common ownership. Originally Communism and Socialism were synonymous, but in modern times socialism has divided into various degrees of individual and private ownership.
Ultimately if you want to be most accurate you should keep the definitions of socialism and communism synonymous, as Karl Marx did when he defined them. Communism is a state controlled society, with a planned economy. Food, and manufactured goods are all strictly controlled by a state government.
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What type of economic system usually includes communism and socialism?
command
Communism is an example of what type of economic system?
It is a form of a command economy. Communism is an economic theory which stresses that the control of the means of producing economic goods in a society should reside in the hands of those who invest their labor for production.
What social and economic system in which classes are abolished and property is commonly controlled?
The Communism Economic System
What kind of economic system did the Bolsheviks believe in?
Communism
What economic system is based on collective ownership?
Communism
What type of economic system usually includes communism and socialism?
command
What type of economic system was used to reshape china's economy after the civil war?
Communism
Is communism considered a religon?
No; communism is an economic system.
What type of system has a socialist economic system and a totalitarian form of government?
Socialism has no wages or only or prices, hence no economic system. It also has no classes or rulers or government.
Communism is an example of what type of economic system?
It is a form of a command economy. Communism is an economic theory which stresses that the control of the means of producing economic goods in a society should reside in the hands of those who invest their labor for production.
What is vietnam's economic type?
Socialism (communism)
What social and economic system in which classes are abolished and property is commonly controlled?
The Communism Economic System
What kind of economic system did the Bolsheviks believe in?
Communism
What economic system is based on collective ownership?
Communism
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 economic system would you find the LEASTprivate ownership?
Communism
The economic system that calls for a maximum of collective ownership is?
communism
