New Mexico History EOC Practice Exam 2025 – Complete Study Resource

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What does Communism advocate regarding property ownership?

Increased private ownership

Abolition of private ownership

Communism advocates for the abolition of private ownership in favor of communal ownership of all means of production. This ideology is rooted in the belief that private property leads to inequality and exploitation. Instead of individuals owning land, factories, and resources, communism promotes the idea that these should be owned collectively by the community or state, ensuring that wealth and resources are distributed more equitably among all members of society. This communal approach reflects the fundamental principles of communism as articulated by thinkers like Karl Marx, who argued that eliminating private ownership would ultimately lead to a classless society where the needs of all are met without the divisions that typically arise from private property.

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State-controlled capitalism

Mixed economic systems

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