what is communism in relation to the economy and a communist party such as the one...

what is communism in relation to the economy and a communist party such as the one in china?

Expert Solution

Soln. Communism in economy aims to short out the problems created because of capitalism in the society. It is too prevent the private ownership of property and supports public ownership of property. Communism objective is to create a profit based economy by creating communal control on big and major means of production such as refineries, mills, mineral mines, dams etc.Communism is actually a form of socialism that is against the private ownership. Communism supports a society, in which distribution of goods and services depend on the individual's ability rather than based on any discrimination.

A communist is basically a political and legal party, that aims to achieve the social and economic goals of communism. Their approach is based on both revolutionary and government policy. Which approach to be followed depends upon the demand of the situation. It was communist party was originated by the ideas of Karl Marx and got popular in the year 1848.

Rahul Sunny answered 1 year ago

Provide a belief description of "Communist party". Based on Canada Use the definition (Communism: political theory...

Provide a belief description of "Communist party". Based on Canada Use the definition (Communism: political theory advocating the community ownership of property, with each member of a society working according to her capacity and receiving what is produced according to her needs. Value produced by workers is retained collectively by workers, for their use and benefit through democratically determined distribution. Example; The kibbutz system as it originally functioned in Israel, traditional native forms of communal land use and farming. See...

What were the Communist contributions to the labor movement, and how did the Communist Party change...

What were the Communist contributions to the labor movement, and how did the Communist Party change after WW2? (Book/pdf: Subterranean Fire - Sharon Smith)

How did Karl Marx and Friedrich Engels explain the path to communism in The Communist Manifesto?

2. Like the Socialist Party, the Communist Party sought to unite workers along class lines and...

2. Like the Socialist Party, the Communist Party sought to unite workers along class lines and cross race lines. What was the black response to this effort?

Describe the structure of the Communist Party and Government in China’s central power structure. Describe the...

Describe the structure of the Communist Party and Government in China’s central power structure. Describe the evolution of leadership of the Government and Party since 1978.

The basic relation in open economy macroeconomics is NX = NCO. What is the relation of...

The basic relation in open economy macroeconomics is NX = NCO. What is the relation of this equation with the savings and if investments is to exceed savings, what is to be done?

an example of a command economy is capitalism communism mixed economy oligopoly Question 2 - cultural...

an example of a command economy is capitalism communism mixed economy oligopoly Question 2 - cultural diversity represent a technical skill the difference among people in the workforce a religious issue the doesnt affect business organizations a statistical method used to project sale revenue and profits for global.

What is Marx's view of communism?

What is Marx's view of communism? Explain Marx's view of income distribution (the extent of income equality) and length of work day. It should also explain Marx’s view of division of labor and his approach to the role of managers and administrators in the full communist stage.

(history wasn't in option int eh subjects) How much control did the communist party have over...

(history wasn't in option int eh subjects) How much control did the communist party have over the Soviet Army? How did the communist party exercise this control?

What is that the government can do to boost the economy in relation to employment, inflation,...

What is that the government can do to boost the economy in relation to employment, inflation, economics growth, balance of payment and income distribution. Considering five microeconomics objectives and fully explain each objective

Question