Economics Communism Questions
In a communist system, economic freedom is limited or non-existent. The role of economic freedom is greatly diminished as the government controls and owns the means of production, distribution, and exchange. The central planning authority determines what goods and services are produced, how they are produced, and how they are distributed. Individual choices and private ownership of property are restricted, as the focus is on collective ownership and the pursuit of common goals rather than individual profit or economic freedom.