Communism, political and economic doctrine that
aims to replace private property and a profit-based economy
with public ownership and communal control of at least the major means of production (e.g., mines, mills, and factories) and the natural resources of a society.
What is communist command economy?
Communism, also known as a command system, is
an economic system where the government owns most of the factors of production and decides the allocation of resources and what products and services will be provided
. The most important originators of communist doctrine were Karl Marx and Frederick Engels.
Which is generally a characteristic of a communist economy *?
A communist, or command economy, controls the means of production by having governmental agencies involved in production planning. Which is generally a characteristic of a communist economy? In a command economy, such as that of the communist Soviet Union,
the government controls all aspects of production
.
Which statement about the Soviet economy is accurate?
Answer Expert Verified. The statement about the Soviet economy under Joseph Stalin that is accurate is:
The Soviet Union increased its power by developing heavy industry
. Joseph Stalin was the leader of the Soviet Union from 1929 to 1953.
Is communism a command economy?
Both socialism and communism are
types of a command economy
. In all three, the government controls businesses, resources, and economic activity in the country.
What best describes a communist government?
Communism is a
political and economic ideology
that positions itself in opposition to liberal democracy and capitalism, advocating instead for a classless system in which the means of production are owned communally and private property is nonexistent or severely curtailed.
What are the differences between fascism and communism?
While communism is a system based around a theory of economic equality and advocates for a classless society, fascism is
a nationalistic, top-down system with rigid class roles
that is ruled by an all-powerful dictator.
What does communist mean?
Communism (from Latin communis, ‘common, universal’) is a philosophical, social, political, and economic ideology and movement whose goal is the establishment of a communist society, namely a socioeconomic order structured upon the ideas of common ownership of the means of production and the absence of social classes, …
What countries are communist?
Today, the existing communist states in the world are in China, Cuba, Laos and Vietnam. These communist states often do not claim to have achieved socialism or communism in their countries but to be building and working toward the establishment of socialism in their countries.
Which of the following is a characteristic of a communist country quizlet?
Terms in this set (5)
Seeks to eliminate religion
. No private ownership of land or property. Seeks an international revolution. Has a socialist economy.
Why did the Communist command economy of the Soviet Union collapse at the end of the 20th century?
Which is one factor that contributed to the collapse of the Soviet command economy in the late twentieth century?
Exporting natural resources led to food shortages
. Widespread inflation led to high prices and scarcity.
What is a key principle of the economic theory of communism?
A key principle of the economic theory of communism is.
Government ownership of property
.
What is the difference between communism and a command economy?
Most property and economic decisions are in the hands of private individuals. A command system, on the other hand, relies upon the state rather than individuals or markets. … Communism is like
socialism
except all the factors of production, land, capital, and even labor, are controlled by the state.
Communism and socialism are political and economic systems that share certain beliefs, including greater equality in the distribution of income. One way communism differs from socialism is that it calls for the transfer of power to the working class by revolutionary rather than gradual means.
What are the advantage of planned economy?
Prices are kept under control
and thus everybody can afford to consume goods and services. There is less inequality of wealth. There is no duplication as the allocation of resources is centrally planned. Low level of unemployment as the government aims to provide employment to everybody.
What is communism in simple words?
Communism is a socio-economic political movement. Its goal is to set up a society where there are no states or money and the tools used to make stuff for people (usually called the means of production) like land, factories and farms are shared by the people.
