Under communism
A)All means and production are under state ownership
B)All property is under state ownership
C)The state allocates resources to sectors as needed and to individuals according to their needs.
D)All of the above

Question

Quizplus · Accepted Answer

Under communism, all means of production and private property are under state ownership and/or cooperative ownership. The state is in charge of allocation of resources to sectors as needed and to individuals (goods and services) according to their needs. This is stated in the "Alternative Models of Economic Development: The Marxist-Leninist (Maoist) Model" section (2-2b).

Under Communism