Economics Communism Questions
In communism, the role of economic systems is to ensure the equitable distribution of resources and eliminate class distinctions. The economic system in communism is typically centrally planned and controlled by the state, with the goal of achieving a classless society where all individuals have equal access to goods and services. The state owns and controls the means of production, and the allocation of resources is based on the principle of "from each according to his ability, to each according to his needs." The economic systems in communism aim to prioritize collective welfare over individual profit and promote social equality.