What is the role of economic welfare in communism?

Economics Communism Questions



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What is the role of economic welfare in communism?

In communism, the role of economic welfare is to ensure the equitable distribution of resources and provide for the basic needs of all individuals in society. The goal is to eliminate social and economic inequalities by collectively owning and controlling the means of production. Economic welfare in communism aims to prioritize the well-being of the entire community rather than individual profit or wealth accumulation.