Question

Who controls the prices of goods and services in the economic system of communism?

Answer 1

The government controls the prices of goods and services in the economic system of Communism. Communism, or in other words command system, is an arrangement in which the government possesses most of what the people have when it comes to aspects like production of goods. Also, the government is the one who distributes any resources gathered. Lastly, the government is held responsible for providing services needed for the people. Communism, as a whole, is considered to be focusing in building a society following the ways of how communism works.