Question

Which statement is characteristic of a
communist system? Choose four answers.
The government controls the means of production.
Prices and wages are set by supply and demand.
U The government regulates a centrally planned economy.
Entrepreneurs are encouraged to take risks.
Prices and wages are set by the government.
U Businesses are free to follow their own best interests.
C A single authoritarian party holds complete power.

Answer 1

The statement is characteristic of a

communist system include:

• The government controls the means of production.
• The government regulates a centrally planned economy.
• Prices and wages are set by the government.
• A single authoritarian party holds complete power.

What is a communist system?

It should be noted that a communist system refers to a political system that's creates a classless society.

In this system, the government plays a vital role in the economy.

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