Question

Which economic system has become associated with authoritarian governments and total control of the economy?

capitalism
mercantilism
communism
socialism
barter

Answer 1

Well you can rule out communism since that is not an economic system but a system of government. Socialism is the answer you are looking for. Socialism involves the division of everything into equal parts. No economic classes is a major trait of Socialism.

Answer 2

Option C, Communism, is the right answer.

Step-by-step explanation:

• An economic system in which all the means of production are controlled by the community as a whole instead of a class is known as the communist economic system.
• In simple terms, the Communist Economic System is a system in which the major means of production, for instance, factories and mines are under the control of the public.
• Karl Marx, a German Philosopher created this Communist theory in the 1800's.