What is the role of economic integration in communism?

Economics Communism Questions



80 Short 51 Medium 48 Long Answer Questions Question Index

What is the role of economic integration in communism?

In communism, economic integration plays a crucial role in achieving the goals of the ideology. It involves the merging of various economic activities and resources under the control of the state or the collective ownership of the people. The main purpose of economic integration in communism is to eliminate private ownership and establish a centrally planned economy where resources are allocated based on the needs of the society rather than individual profit motives. This integration aims to create a more equitable distribution of wealth and resources, promote social welfare, and ensure the collective well-being of the society as a whole.