Which term denotes an economic and political system where the government owns property and controls production to achieve equality?

Enhance your vocabulary with our Valuable Vocabulary Test. Engage with flashcards and challenging multiple-choice questions, each with insightful hints and explanations. Elevate your language skills and excel in your assessments!

Multiple Choice

Which term denotes an economic and political system where the government owns property and controls production to achieve equality?

Explanation:
The main idea is a system where the government owns productive property and directs what gets produced and how goods are distributed in order to reduce inequality. Communism is defined by public or collective ownership of the means of production and a centralized plan that aims to meet everyone’s basic needs, with wealth and opportunities distributed more evenly and less emphasis on private profit. In this framework, factories, land, and resources are owned by the state or the community, not by individuals. The other options refer to different things: Civil Rights focus on protecting individuals’ rights under the law, not on how an economy is owned or run; Containment is a Cold War policy strategy to prevent the spread of a rival ideology; and the Cuban Missile Crisis is a specific historical event, not a name for an economic-political system.

The main idea is a system where the government owns productive property and directs what gets produced and how goods are distributed in order to reduce inequality. Communism is defined by public or collective ownership of the means of production and a centralized plan that aims to meet everyone’s basic needs, with wealth and opportunities distributed more evenly and less emphasis on private profit. In this framework, factories, land, and resources are owned by the state or the community, not by individuals. The other options refer to different things: Civil Rights focus on protecting individuals’ rights under the law, not on how an economy is owned or run; Containment is a Cold War policy strategy to prevent the spread of a rival ideology; and the Cuban Missile Crisis is a specific historical event, not a name for an economic-political system.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy