#unit5
In states which have a communistic system,private property and private interprise are redused to a min.They exist,but are limited to a small area of the economy.KMarx imagened a world in which would be no private property at all.In theory ,com demands that all property should belong to the state.In practis,however,the citizens of states like the USSR are permited to have personal effects.The imortant thing about the communist system is Central planning.The state organizes the whole economic effort of the nation.A central authority with complete power decides what quantities of goods will be produced and also controls their quality,deciding how they will be distributed and that prises will be charged for them.In addition ,the state provides all of the services which the citizens require.It is responsible for the economy,and is concerned wiht methods of production as well as with quality and quantity.The national economy must be planned ahead over a number of years.