WORLD HISTORY

WORLD WAR II

DECOLONIZATION PHASE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Why did Communist economies fail?
A
They didn’t plan properly
B
The misread the stock market
C
Ethnic divisions kept people from working together
D
They focused on consumer good (toys) instead of heavy industry
Explanation: 

Detailed explanation-1: -Communist party rule has been criticized as authoritarian or totalitarian for suppressing and killing political dissidents and social classes (so-called “enemies of the people"), religious persecution, ethnic cleansing, forced collectivization, and use of forced labor in concentration camps.

Detailed explanation-2: -Gorbachev’s decision to allow elections with a multi-party system and create a presidency for the Soviet Union began a slow process of democratization that eventually destabilized Communist control and contributed to the collapse of the Soviet Union.

Detailed explanation-3: -No free market: The most significant disadvantage of communism stems from its elimination of the free market. The laws of supply and demand don’t set prices-the government does. Planners lose the valuable feedback these prices provide about what the people want.

Detailed explanation-4: -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.

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