Which Best Describes a Communist Economy
For-profit economic activity and where the means of production are nationalized as state-owned enterprises including the processes of capital accumulation centralized management and wage laborThe definition can also include the state dominance of corporatized government. MarxismLeninism was the state ideology of the Soviet Union the Comintern after Bolshevisation and the communist states within the Comecon the Eastern Bloc and the Warsaw Pact.
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Currently it describes a developed and industrialized country characterized by political and economic stability democracy the rule of law a capitalist economy and a high standard of living.
. Justified Complaint Home Insurance. This political and economic beliefs system advocates for public ownership a lack of private property a profit-based economy and communal control of means of production. What Does the Word Communist Mean.
A formal complaint made against a home insurance company that is found in violation of the insurance contract it entered into with the policyholder. State capitalism is an economic system in which the state undertakes business and commercial ie. A communist state also known as a MarxistLeninist state is a one-party state that is administered and governed by a communist party guided by MarxismLeninism.
According to Britannica a communist is a person who identifies with the political ideology of communism.
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