WORLD HISTORY

HISTORY

WORLD WAR I AND THE RUSSIAN REVOLUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A key principle of the economic theory of Communism is
A
restoration of a bartering system
B
organization of workers’ unions
C
government ownership of property
D
privatization of business
Explanation: 

Detailed explanation-1: -There is no government or private property or currency, and the wealth is divided among citizens equally or according to individual need. Many of communism’s tenets derive from the works of German revolutionary Karl Marx, who (with Friedrich Engels) wrote The Communist Manifesto (1848).

Detailed explanation-2: -Communism is a form of government most frequently associated with the ideas of Karl Marx, a German philosopher who outlined his ideas for a utopian society in The Communist Manifesto, written in 1848. Marx believed that capitalism, with its emphasis on profit and private ownership, led to inequality among citizens.

Detailed explanation-3: -Communist philosophy argues against private property and supports collective ownership. This philosophy applies specifically to intellectual property and software. The common view is that no person should on their own or control any property, whether electronic, merely an idea, or otherwise.

Detailed explanation-4: -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.

There is 1 question to complete.