Economics Communism Questions
In a communist system, the role of economic systems is to ensure the equitable distribution of resources and promote collective ownership of the means of production. The economic systems in communism aim to eliminate social classes and create a classless society where wealth and resources are shared among all members. The central planning authority controls the allocation of resources and determines production levels based on the needs of the society as a whole. The goal is to prioritize the welfare of the community over individual profit and to achieve economic equality.