Question

If you lived under an economic system in which the government controlled all aspects of production which economic system would this be

Answer 1

A communist system of government is an economic system where the government plans and controls the economy with a single party governing and administering power that is authoritarian in nature. The state controls are imposed with an elimination of the privatisation of property or capital with a claim to make progress towards a higher social order where goods and services are equally shared among the people i.e, the classless society.