Question

a key principle of the economic theory of communism is-
a following the traditions of ancestors
b competition between producers for a profit
c government ownership of the means of production
d privatization of business to promote growth

Explanation:

• Option A: Following ancestral traditions is more related to cultural or traditional - based systems rather than communism's economic theory.
• Option B: Competition between producers for profit is a key aspect of capitalism, not communism. In capitalism, firms compete in the market to maximize profits.
• Option C: Communism advocates for the government (or the collective) to own the means of production. This is a fundamental economic principle of communism, where resources like factories, land (used for large - scale production), and machinery are under public/state control.
• Option D: Privatization of business to promote growth is the opposite of communist economic principles. Communism aims to eliminate private ownership of the means of production on a large scale.

Answer:

C. government ownership of the means of production