Economics Communism Questions
In communism, economic planning plays a central role in the allocation of resources and the organization of production. It involves the government or a central planning authority making decisions regarding what goods and services should be produced, how they should be produced, and who should receive them. The goal of economic planning in communism is to achieve a classless society where resources are distributed based on need rather than profit. This planning system aims to eliminate private ownership of the means of production and ensure that economic decisions are made collectively for the benefit of society as a whole.