Question

60 points help

Below examples are features of Communism, explain the meaning and effect of EACH feature. Please Type The Effects Separated away from them so that I can know where to put the effect at the right Column.

1 .No Single Central Bank

2. Increase income tax as you earn more money

3. All property rights would be confiscated

4. No inheritance rights

5. Farming and regional planning controlled

6. Labour market controlled

7. Government owns and controls education

8. Government owns and controls communication and transport

9. Government owns and control factories and agriculture

Answer 1

Communism is a form of government most closely associated with the ideas of Karl Marx, which he outlined in The Communist Manifesto. Communism is based on the goal of eliminating socioeconomic class struggles by creating a classless society in which everyone shares the benefits of labor and the state controls all property and wealth.

Step-by-step explanation: