communist economy Sentence Examples
- A communist economy is based on the principle of collective ownership of the means of production.
- In a communist economy, resources are distributed according to the needs of society rather than market forces.
- The Soviet Union operated under a centrally planned communist economy for much of its existence.
- Cuba's economy is often cited as an example of a command communist economy, where the government controls all economic activity.
- North Korea's economy is also structured as a communist economy, with the state owning and directing all major industries.
- In a communist economy, there is typically little to no private ownership of property or businesses.
- The goal of a communist economy is to achieve economic equality and eliminate class distinctions.
- Communist economies often prioritize social welfare programs and public services over individual wealth accumulation.
- China transitioned from a strictly planned communist economy to a more mixed-market system with elements of socialism and capitalism.
- Despite its theoretical advantages, communist economies have faced criticism for inefficiency and lack of innovation.
communist economy Meaning
Wordnet
communist economy (n)
the managed economy of a communist state
Synonyms & Antonyms of communist economy
No Synonyms and anytonyms found
FAQs About the word communist economy
the managed economy of a communist state
No synonyms found.
No antonyms found.
A communist economy is based on the principle of collective ownership of the means of production.
In a communist economy, resources are distributed according to the needs of society rather than market forces.
The Soviet Union operated under a centrally planned communist economy for much of its existence.
Cuba's economy is often cited as an example of a command communist economy, where the government controls all economic activity.
