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4. define communism. what is the difference between communism and a com…

Question

  1. define communism. what is the difference between communism and a command economy? communism is: communism | command economy 5. are there any true communist economies today? which economies call themselves communist, and what are they actually, if not communist?

Explanation:

Brief Explanations

Communism is a socio - economic ideology aiming for a classless society where the means of production are commonly owned, and each person contributes and receives according to their ability and needs. A command economy is an economic system where the government makes major economic decisions like production levels and distribution. The key difference is that communism is an over - arching ideology with social, political, and economic aspects, while a command economy is mainly an economic system. In terms of the second part, no country has achieved a fully realized communist economy as Marx envisioned. Some countries like Cuba and North Korea identify as socialist (a step towards communism in theory). Their economies have elements of state - planned production (command - like features), but they are in the process of development and not fully communist as they still have elements of markets and money.

Answer:

  1. Communism: A socio - economic ideology seeking a classless society with common ownership of the means of production.

Difference: Communism is an overarching ideology; command economy is an economic system.

  1. No true communist economies as Marx defined. Cuba and North Korea identify as socialist. Their economies have command - like elements but are not fully communist.