Question

What is communism? economic and political system in which the government owns production a belief in reducing or limiting military armaments economic system in which privately owned businesses compete in a free market the belief of people who oppose all organized government

Answer 1

The correct answer is: economic and political system in which the government owns production.

Answer 2

Answer;

Economic and political system in which the government owns production

Step-by-step explanation;

• Communism is a political system characterized by a centrally planned economy with all economic and political power and economic decisions resting in the hands of the central government.
• Capitalism on the other hand is an economic system based on open competition in a free market, in which private individuals and companies own the means of production and operate for profit.
• Communism is the idea that society should be based on public ownership and communal control of property.