Which of the following economic systems envisions no private property, money or wealth, and a system of common ownership of goods and labor?

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Communism envisions a society where there is no private property, money, or wealth, and all goods and labor are commonly owned. This is in contrast to capitalism, which is based on private ownership and market competition, and social democracy and socialism, which may allow for some level of private ownership and market mechanisms.

Which of the Following Economic Systems Envisions No Private Property