a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state that is communism as i know
this is educative
thanks for sharing
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Communism also has the public owning all means to production. The problem is that to do this you have to KNOW quotas on what is going to be needed where, how to shift things when an unforeseen things happen, etc. These are all things that markets deal with simply. Without that market though you would need central planning.
yes that is right....