COMMUNISM SOCIALISM AND CAPITALISM
COMMUNISM CONCEPT TYPES EXAMPLE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the government controls the means of production
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the individual owns the means of production
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wealth is distributed evenly amongst society
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there is no wealth or private property
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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: -Key Differences Between Communism and Socialism 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: -The private property that Marx is talking about is private ownership of things like factories, banks, and railroads, which allow their owners to make money from the work of other people.