WORLD HISTORY

COLD WAR ERA

IMPACT OF COLD WAR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In this type of government, there is no private ownership and the government owns all the factories and controls all the jobs
A
Communism
B
Democracy
C
Traditional
D
Anarchy
Explanation: 

Detailed explanation-1: -Socialism is a political and economic system wherein property and resources are owned in common or by the state.

Detailed explanation-2: -Communism. Communism is a centralized form of government led by a single party that is often authoritarian in its rule.

Detailed explanation-3: -Socialism is a political philosophy and movement encompassing a range of economic and social systems, which are characterised by social ownership of the means of production, as opposed to private ownership.

Detailed explanation-4: -Socialism is an economic and political system based on public or collective ownership of the means of production that emphasizes economic equality.

There is 1 question to complete.