Economics Communism Questions
In a communist system, the role of government intervention is extensive and central. The government controls and owns all means of production, distribution, and exchange. It determines what goods and services are produced, how they are produced, and how they are distributed among the population. The government also sets the prices of goods and wages of workers. Additionally, it enforces strict regulations and controls over economic activities and private property. The aim of government intervention in communism is to achieve economic equality and eliminate class distinctions.