Moses is working on a kibbutz in Israel where all the members have the same standard of living and they equally divide the profits from the citrus crop that is the primary source of income for the community. This kibbutz is an example of which type of economic system?

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Business

Evan Lam

21 March, 06:18

Moses is working on a kibbutz in Israel where all the members have the same standard of living and they equally divide the profits from the citrus crop that is the primary source of income for the community. This kibbutz is an example of which type of economic system?

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Answers (1)

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Ayaan Randolph · Answer 1

Communism

Explanation:

Communism is a sytem in which all property is owned by the community and each member of the community contributes to the management of the property according to their ability and also receives his share of profits accordingly and as equal as other members of the community.

Communism is surely a good economic system as it ensures even distribution of wealth and resources.