What is the role of economic incentives in a communist system?

Economics Communism Questions



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What is the role of economic incentives in a communist system?

In a communist system, economic incentives play a limited role compared to other economic systems. The primary focus of communism is on the equitable distribution of resources and the elimination of class distinctions. Therefore, the role of economic incentives is minimized as the emphasis is placed on meeting the basic needs of all individuals rather than promoting individual wealth accumulation or material incentives. Instead, the motivation to work and contribute to society is driven by a sense of collective responsibility and the desire to serve the common good.