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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Communism
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Capitalism
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Either A or B
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None of the above
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Detailed explanation-1: -In communism, the state owns the means of production and controls the economy. The state centralized economic planning and decision-making. In a communist society, there is no private property . The state owns all property and the means of production.
Detailed explanation-2: -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-3: -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.