QUESTION IMAGE
Question
which economic system believes in the collective group and a planned economy * 2 point
capitalism
communism
socialism
totalitarianism
Brief Explanations
Communism emphasizes collective - ownership and a centrally - planned economy. Socialism also has elements of collective control and planning but to a different degree. Capitalism is based on private ownership and market - driven economy. Totalitarianism is a political system, not an economic one.
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B. Communism