ECONOMICS
ECONOMIC SYSTEMS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Communism is based on the goal of eliminating socioeconomic class struggles by creating a classless society in which everyone shares the benefits of labor and the state controls all property and wealth.
Detailed explanation-2: -classless society, in Marxism, the ultimate condition of social organization, expected to occur when true communism is achieved. According to Karl Marx (1818–83), the primary function of the state is to repress the lower classes of society in the interests of the ruling class.
Detailed explanation-3: -Communism is a political and economic ideology that positions itself in opposition to liberal democracy and capitalism, advocating instead for a classless system in which the means of production are owned communally and private property is nonexistent or severely curtailed.
Detailed explanation-4: -A communist society is characterized by common ownership of the means of production with free access to the articles of consumption and is often classless, stateless, and moneyless, implying the end of the exploitation of labour.