HISET Social Studies Practice

What is communism?

1. A system allowing private property

2. A political system that encourages free markets

3. A form of socialism that eliminates private ownership

4. An economic system with limited government control

The correct answer is: A form of socialism that eliminates private ownership

Communism is defined as a form of socialism that abolishes private ownership, aiming for a classless society where the means of production are owned collectively or by the state. The essence of communism is rooted in the idea that all property should be publicly owned, meaning that individuals do not have the right to own personal property in the way that is typical in capitalist systems. In a communist system, the government typically controls economic activity, planning production and distribution to ensure that goods and services meet the needs of the population rather than to generate profit. This characteristic of eliminating private ownership distinguishes communism from other economic and political systems, such as capitalism, where private property is fundamental. The focus on collective ownership is intended to eradicate class distinctions, with the belief that this will lead to greater equality among citizens.