What is the role of economic analysis in communism?

Economics Communism Questions



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What is the role of economic analysis in communism?

In communism, economic analysis plays a crucial role in planning and managing the economy. It involves the study and evaluation of various economic factors such as production, distribution, and consumption of goods and services. Economic analysis helps in determining the allocation of resources, setting production targets, and assessing the efficiency of economic activities. It also aids in identifying potential issues and finding solutions to ensure the smooth functioning of the communist economic system.