Question

Who controls the means of production in a communist economic system? A. wealthy individuals B. government agencies C. foreign investors D. public trusts

Answer 1

The second alternative is correct (B).

In a communist regime, the government controls the means of production and decides the quantity to be produced and the price of goods and services.

It is the command economy, totally contrary to the mechanisms of the free market economy. In the command economy, there is no competition, since government is the only supplier. This was very common in countries of the Soviet Union and still exists in some countries such as North Korea.

Answer 2

In a communist system everything is controlled by the government. They distribute everything equally and they oversee everything.\

Answer: B