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QUESTION IMAGE

which of the following best describes communism? a. it is an economy in…

Question

which of the following best describes communism?
a. it is an economy in which businesses are focused on efficiency and profitability.
b. it is a completely unplanned economy.
c. it is an economy in which most products and services are provided by businesses and individuals, and some products and services are provided by the government.
d. it is a free - market economy in which individuals and businesses are responsible for determining what products and services to produce.
e. it is an economic system in which the government controls production.

Explanation:

Brief Explanations

To determine the correct answer, we analyze each option:

  • Option A describes a capitalist business focus, not communism.
  • Option B: Communism has central planning, so "completely unplanned" is incorrect.
  • Option C describes a mixed economy, not communism.
  • Option D describes a free - market (capitalist) economy, not communism.
  • Option E: In communism, the government (or state) controls production as it is a planned economic system with public ownership of means of production.

Answer:

E. It is an economic system in which the government controls production.