Question

which statement(s) most directly apply to communism?
i. there is little or no private ownership.
ii. businesses are operated for the benefit of the people as a whole.
iii. individuals who take risks can gain great profits.
a. i and ii
b. ii only
c. ii and iii
d. i and iii
please select the best answer from the choices provided
a
b
c
d

Explanation:

To determine the correct answer, we analyze each statement in the context of communism:

• Statement I: In communism, private ownership is minimal or non - existent as the means of production are commonly owned. So this statement applies.
• Statement II: Businesses (enterprises) in communism are operated for the benefit of the people as a whole, not for private profit. This statement applies.
• Statement III: In a communist system, the idea of individuals taking risks to gain great profits is not a characteristic, as the economic system is based on meeting the needs of all, not on individual profit - seeking through risk - taking. So this statement does not apply.

So the statements that apply are I and II.

Answer:

a. I and II