Which political system is defined as a theory where all property is owned communally or by the state?

Which political system is defined as a theory where all property is owned communally or by the state?

• A. Communism
• B. Democracy
• C. Feudalism
• D. Capitalism

Answer: (A)

Property ownership and how a society organizes its economy are being tested. In communism, property is owned by the community as a whole or by the state rather than by individuals. The aim is to eliminate private property and class distinctions, with the means of production controlled collectively and goods distributed according to need. Central planning is typically used to allocate resources so everyone has access to essentials, reflecting the idea of a classless society. This contrasts with other systems: democracy is about governance and rights and can include private property; feudalism relies on a lord-or-tenant landholding structure; capitalism centers on private ownership and market competition. Because the definition specifies communal or state ownership of all property, the term that fits is communism.

Property ownership and how a society organizes its economy are being tested. In communism, property is owned by the community as a whole or by the state rather than by individuals. The aim is to eliminate private property and class distinctions, with the means of production controlled collectively and goods distributed according to need. Central planning is typically used to allocate resources so everyone has access to essentials, reflecting the idea of a classless society. This contrasts with other systems: democracy is about governance and rights and can include private property; feudalism relies on a lord-or-tenant landholding structure; capitalism centers on private ownership and market competition. Because the definition specifies communal or state ownership of all property, the term that fits is communism.