BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The right to own property is NOT a feature of
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traditional capitalism
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mixed economies
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pure communism
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Explanation:
Detailed explanation-1: -communism, political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and communal control of at least the major means of production (e.g., mines, mills, and factories) and the natural resources of a society.
Detailed explanation-2: -Pure communism is an economic, political, and social system in which most or all property and resources are collectively owned by a class-free society rather than by individual citizens.
Detailed explanation-3: -Under communism, there is no such thing as private property. All property is communally owned, and each person receives a portion based on what they need.
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