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Did Karl Marx make a contribution to economics?
Yes, he philosophized the economic system of Socialism and other leftist political systems such as Communism, which had economic elements. Socialism and communism are actually two distinct politico-economic systems - they both have their own political and economic systems. Marx also wrote the most systematic (at the time, and in my opinion, to date) critique of capitalism. In fact, I think its wrong to describe communism as a political system - democracy is the political system of communism - communism is fundamentally an economic system.
What economic system is based on collective ownership?
Communism
What kind of economic system did the Bolsheviks believe in?
Communism
What is centrally planned economy with all economic with all economic and political power resting in the hands of the central government?
A centrally planned economy with all economic and political power resting in the hands of the central government is known as communism. Karl Marx developed communism into a scientific theory.
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?
Did Karl Marx make a contribution to economics?
Yes, he philosophized the economic system of Socialism and other leftist political systems such as Communism, which had economic elements. Socialism and communism are actually two distinct politico-economic systems - they both have their own political and economic systems. Marx also wrote the most systematic (at the time, and in my opinion, to date) critique of capitalism. In fact, I think its wrong to describe communism as a political system - democracy is the political system of communism - communism is fundamentally an economic system.
Is communism considered a religon?
No; communism is an economic system.
What is the condition of economic freedom under Communism?
In Communism there is no economy, as there is no money and no buying and selling. People are free to work and consume as they wish.
Which was an economic agreement to contain the spread of communism?
Which of the following was an economic agreement to contain the spread of communism? AThe Warsaw PactBThe Point Four ProgramCSEATODNATO
What is vietnam's economic type?
Socialism (communism)
What does Anti -Communism mean?
Anti-communism simply means against communism. An example of an economic society that is anti-communist is capitalism.
What country have communism as government?
Communism is not a form of government; it's an economic form. Additionally, pure communism is highly Utopian and extremely impractical in real life. As such, I am not aware of any country actually using the Marxist/Leninist model of Communism as an economic model nowadays.
How would marshall plan weaken communism?
The plan weakened communism by restoring the economic growth of Europe.
What economic system is based on collective ownership?
Communism
What kind of economic system did the Bolsheviks believe in?
Communism
What is centrally planned economy with all economic with all economic and political power resting in the hands of the central government?
A centrally planned economy with all economic and political power resting in the hands of the central government is known as communism. Karl Marx developed communism into a scientific theory.
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?
