Trusted by Students Everywhere
Why Choose Us?
0% AI Guarantee

Human-written only.

24/7 Support

Anytime, anywhere.

Plagiarism Free

100% Original.

Expert Tutors

Masters & PhDs.

100% Confidential

Your privacy matters.

On-Time Delivery

Never miss a deadline.

In a communist society, who owns the means of production?

Finance Dec 19, 2020

In a communist society, who owns the means of production?

Expert Solution

In a communist society, means of production are owned collectively by the people. Marx and Engels described classless societies in the The Communist Manifesto, where ''everyone gave according to their abilities and received according to their needs.'' There is no truly communist society that exists today, although many inaccurately use the term 'socialist' interchangeably.

This is often confused with a 'Communist state' is where the government owns and regulates the means of production. In other words, there is no such thing as private property. Farmers do not own their farms, citizens do not own their homes. Factories, hospitals, restaurants, and all other means of economic activity are owned and run by the government. Recently, there have been a few Communist states that have incorporated elements of capitalism, like the Lao People's Democratic Republic and the People's Republic of China.

Archived Solution
Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In
Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution
Get Custom Quote
Secure Payment