Communist countries prioritize collective ownership from "summary" of Comparative Economic Systems by Richard L. Carson
Communist countries emphasize the idea of collective ownership, which is a central tenet of their economic systems. This means that the means of production, such as factories, land, and resources, are owned and controlled by the state or by the people as a whole, rather than by individuals or private entities. The goal of collective ownership is to ensure that resources are used in a way that benefits society as a whole, rather than being controlled for the benefit of a few wealthy individuals. This is seen as a way to promote equality and social justice, as it prevents the accumulation of wealth and power in the hands of a small elite. In practice, c...
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