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Questions and Answers
What is the main goal of communism?
What is the main goal of communism?
- To support liberal democracy
- To promote the importance of capitalism
- To establish a society where private property is non-existent (correct)
- To advocate for a class-based economic system
Who are the key figures in developing the theory and practice of communism?
Who are the key figures in developing the theory and practice of communism?
- Karl Marx and Friedrich Engels (correct)
- Adam Smith and John Maynard Keynes
- John Locke and Jean-Jacques Rousseau
- Milton Friedman and Friedrich Hayek
Which nations have had nominally communist governments?
Which nations have had nominally communist governments?
- Germany and France
- United States and Canada
- Soviet Union, China, and Cuba (correct)
- India and Japan
Has there ever been a purely communist state that completely eliminated personal property, money, and class systems?
Has there ever been a purely communist state that completely eliminated personal property, money, and class systems?
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What is a key characteristic of capitalism?
What is a key characteristic of capitalism?
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In capitalism, how is labor compensated?
In capitalism, how is labor compensated?
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What sets prices in a capitalist system?
What sets prices in a capitalist system?
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Who controls capital assets in a capitalist system?
Who controls capital assets in a capitalist system?
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Study Notes
Communism
- The main goal of communism is to establish a classless, stateless, and egalitarian society where the means of production are collectively owned and controlled.
Key Figures in Communism
- Karl Marx and Friedrich Engels are the key figures in developing the theory of communism, as outlined in their book "The Communist Manifesto".
- Vladimir Lenin, Mao Zedong, and Josef Stalin are notable figures who developed and implemented communist practices in various countries.
Communist Governments
- Several nations have had nominally communist governments, including the Soviet Union, China, North Korea, Cuba, and Vietnam.
Pure Communism
- There has never been a purely communist state that completely eliminated personal property, money, and class systems.
Capitalism
Key Characteristics
- A key characteristic of capitalism is the private ownership of the means of production and the creation of goods and services for profit.
Labor Compensation
- In capitalism, labor is compensated through wages and salaries.
Price Setting
- Prices are set by the market forces of supply and demand in a capitalist system.
Control of Capital Assets
- In a capitalist system, private individuals and corporations control capital assets.
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