ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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China
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North Korea
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Cuba
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France
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Detailed explanation-1: -Communism has been a part of French politics since the early 20th century at the latest. It has been described as “an enduring presence on the French political scene” for most of the 20th century. In 1920, the French Section of the Communist International was founded.
Detailed explanation-2: -Today, the existing communist states in the world are in China, Cuba, Laos, Vietnam, and North Korea (DPRK). These communist states often do not claim to have achieved socialism or communism in their countries but to be building and working toward the establishment of socialism in their countries.
Detailed explanation-3: -Two of the major examples of Communism, or a communist economy, are China and Cuba. China, officially called the People’s Republic of China, is ruled by a single party, the Communist Party of China. Power is divided between the National People’s Congress, the president, and the State Council.
Detailed explanation-4: -Prominent examples of communism were the Soviet Union and China. While the former collapsed in 1991, the latter has drastically revised its economic system to include elements of capitalism.