What is communism? In economics, what is meant by the term Stalinist-style communism?
What will be an ideal response?
Communism refers to a political doctrine that holds that the wealthy exploit workers and the poor under capitalist economic systems; that economic wealth should be redistributed as much as possible; and that a single, vanguard political party should direct the government and control the state.
In economics, Stalinist-style communism came to mean state ownership of almost all productive assets, including land, industry, and infrastructure; a program of government-directed industrialization; collectively owned and operated farms; and the substitution of the market for setting prices and regulating supply and demand with a vast system of centralized economic planning.
You might also like to view...
Direct initiatives are distinguished by the fact that
a. the legislatures vote directly on citizens' proposals. b. proposals are placed directly on the general election ballot. c. the secretary of state must certify that sufficient signatures exist to permit immediate adoption. d. the courts must decide that the proposals are consistent with federal law before they are adopted.
A(n) __________ is an act of Congress that establishes or changes a government program
a. authorization bill b. appropriations bill c. continuing resolution d. budget resolution
The idea that wealth and power go together and that the nation should pursue policies designed to increase its wealth is known as
a. realism. b. idealism. c. isolationism. d. nationalism. e. mercantilism.
Which of the following is NOT true about Brazil's economy?
A. It is the 8th largest economy in the world. B. It is the leading producer of ethanol. C. It currently relies primarily on its agricultural sector. D. It is the largest economy in South America. E. Its has large oil resources.