COLD WAR ERA
IMPACT OF COLD WAR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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people are free
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individuals can vote for representatives in government
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private businesses own the factories and natural resources and controls the production of goods
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the government owns the factories and natural resources; people are not free
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Detailed explanation-1: -Communism is a political and economic system that seeks to create a classless society in which the major means of production, such as mines and factories, are owned and controlled by the public.
Detailed explanation-2: -Under communism, there is no such thing as private property. All property is communally owned, and each person receives a portion based on what they need.
Detailed explanation-3: -Under communism, none of the “means of production"– such as factories and land – are owned by individuals. Instead, all people work together for the common good, not for profit. The wealth produced is shared among the people, based on their needs, rather than on their contribution to the work.
Detailed explanation-4: -Communism is a political, economic ideology and movement whose ultimate goal is the establishment of a communist society, namely a socioeconomic order structured upon the ideas of common ownership of the means of production and the absence of social classes, money and the state.
Detailed explanation-5: -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.