Economics Communism Questions
In a communist system, property rights are typically abolished or severely limited. The central principle of communism is the collective ownership of all means of production, including land, factories, and resources. Therefore, property rights as understood in capitalist systems, where individuals or private entities have exclusive ownership and control over property, do not exist in communism. Instead, the state or the community as a whole is considered the rightful owner of all property, and it is managed and distributed according to the principles of equality and need.