Question

14 points help ASAP

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

Step-by-step explanation:

Communism is a political and economic ideology that positions itself in opposition to liberal democracy and capitalism, advocating instead for a classless system in which the means of production are owned communally and private property is nonexistent or severely curtailed.