SSC MTS EXAM

Detailed explanation-1: -Communism, also known as a command system, is an economic system where the government owns most of the factors of production and decides the allocation of resources and what products and services will be provided. The most important originators of communist doctrine were Karl Marx and Frederick Engels.

Detailed explanation-2: -communism. noun. type of economy where all property, including land, factories and companies, is held by the government.

Detailed explanation-3: -In communist nations, government makes all economic decisions; owns the land, natural resources, industry, banks, and transportation system; and controls all mass communication.

Detailed explanation-4: -Communist states are typically authoritarian and are typically administered through democratic centralism by a single centralised communist party apparatus.