THE COLD WAR 1950 1973
THE COLD WAR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An economic system based on the private ownership of property, business and industry. In a capitalist state the government has little role to play in the economy.
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A political and economic theory that adheres to the notion of a classless society based on public ownership of most property, business and industry.
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A political philoshophy that government should be chosen by the people through free elections with the participation of an unlimited number of political parties.
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An economic and political ideology that advocates state (government) ownership and control of the means of production. According to socialism, the needs of the community must come before the needs of the individual.
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Detailed explanation-1: -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-2: -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-3: -He believed all countries should become capitalist and develop that productive capacity, and then workers would naturally revolt, leading communism whereby the workers would become the dominant social class and collectively control the means of production.
Detailed explanation-4: -Communism is an economic system where the group owns the factors of production. The factors of production are labor, entrepreneurship, capital, and land. 1 Although the government doesn’t legally own the labor force, the central planners tell the people where they should work.