Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Get immediate and reliable solutions to your questions from a knowledgeable community of professionals on our platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Who controls the means of production in a communist economic system? A. wealthy individuals B. government agencies C. foreign investors D. public trusts

Sagot :

maddygabbyxx
In a communist system everything is controlled by the government. They distribute everything equally and they oversee everything.\

Answer: B
amniotecardamom

The second alternative is correct (B).

In a communist regime, the government controls the means of production and decides the quantity to be produced and the price of goods and services.

It is the command economy, totally contrary to the mechanisms of the free market economy. In the command economy, there is no competition, since government is the only supplier. This was very common in countries of the Soviet Union and still exists in some countries such as North Korea.

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.