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3 years ago

5

Business

1 answer:

Pani-rosa [81]3 years ago

4 0

Answer:

Communism

Explanation:

Communism is an economic system in which, the decisions of what,how, and for whom they are produce are made by the government.

Fascism is where the government controls the private owners of factors of production.

In capitalist economy, the factors of production are owned by individuals.

So the system in which the

government seize a factory and convert it to public ownership for the

benefit of all would be a communist economy.

In communist countries, such systems are called command economy.

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