Communism is an economic system in which:

A. The government and private citizens own equal shares of the economic resources.

B. Almost all of the productive resources are owned by private businesses.

C. The government makes almost all of the major economic decisions.

D. Individual consumers make all economic decisions.

Question

Business

Arturo Jordan

24 August, 03:30

Communism is an economic system in which:

A. The government and private citizens own equal shares of the economic resources.

B. Almost all of the productive resources are owned by private businesses.

C. The government makes almost all of the major economic decisions.

D. Individual consumers make all economic decisions.

+1

Answers (2)

Know the Answer?

Alma Campos · Answer 1

Answer: Option C

Explanation: In a communism style of economic structure, most or all of the important resources in the economy are controlled by the state and private ownership is very minor. Under communism system everyone shares their wealth with others that they have created.

This political theory was derived by Karl marx. Soviet union could be an example of such a state.

Gustavo Herrera · Answer 2

optilon c

Explanation:

communism in economics refer to the condition when government solely responsible and have authority to take almost all of the major economic decisions. However, in fact, attempts to create communism have wound up creating government-driven capitalist economies & regimes that profit one-party political class that are not responsible to the individuals or society.