ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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People were poor.
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People were rich.
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No one could own property.
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People had very little freedoms.
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Detailed explanation-1: -Instead of eliminating money altogether, which may have caused economic chaos, communist states pursued a different approach: “The currency was symbolically devalued, to give citizens an indication that they should not value monetary wealth, but other things such as social interaction and access to art and culture."
Detailed explanation-2: -Communist ideology supports widespread universal social welfare. Improvements in public health and education, provision of child care, provision of state-directed social services, and provision of social benefits will, theoretically, help to raise labor productivity and advance a society in its development.
Detailed explanation-3: -Classless society: Common ownership of all resources: Private property: Social equality: Against democracy:
Detailed explanation-4: -The government owns all the businesses and properties (the means of production). There is no freedom of speech. Large or geographically-broad populations tend to be diverse, making it difficult to maintain a common goal or set of rules for shared effort andresources. More items