Which of the following is correct in describing the communist economic system?
A)The centralized planning emphasis on capital equipment and military hardware has caused declines in the prices of consumer goods.
B)Government ownership of the means of production is only temporary.
C)Most government-operated enterprises are very efficient because of central planning.
D)Overall production expands rapidly because of central planning.
E)The government owns and operates all sources of production.

Question

Quizplus · Accepted Answer

In a communist economic system, the government typically owns and operates all sources of production, aiming to eliminate private ownership and distribute resources equally among the population.

Which of the Following Is Correct in Describing the Communist