Under fascist economic policy, private enterprise and property ownership were preserved as long as businesses served state interests. How does this economic arrangement fundamentally differ from the economic doctrine of Communism?
- Communism requires the complete abolition of private property and total state ownership of all means of production.Answer
- BCommunism permits private ownership of small enterprises while nationalizing only major industrial corporations.
- CCommunism relies on an unregulated free-market price system to determine the distribution of goods.
- DCommunism retains private land ownership while placing financial institutions under worker cooperatives.
Answer
Communism requires the complete abolition of private property and total state ownership of all means of production.
Under Fascism, private capital and property ownership were maintained provided they operated according to state directives. In contrast, Communist doctrine demands the total abolition of private property and complete state ownership of all industrial, agricultural, and financial means of production.
Step-by-Step Solution
Key Concept
Economic Differences Between Fascism and Communism regarding Property Ownership