Economics Communism Questions
In a communist economy, the role of planning is central and extensive. Planning is used to determine the allocation of resources, production targets, and distribution of goods and services. The government or central planning authority is responsible for creating and implementing comprehensive economic plans that outline the goals and strategies for the entire economy. This includes planning for industrial development, agriculture, infrastructure, and social services. The aim of planning in a communist economy is to achieve economic equality, eliminate class distinctions, and ensure the collective well-being of society.