In a communist economy, all economic activities are controlled by . such economies are also known as .

In a communist economy, all economic activities are controlled by the government. Such economies are also known as planned economies.

Explanation:

Communism is a social system and a mode of socioeconomic organization, characterized by the common ownership of the means of production, the absence of private property as well as the absence of social classes.

The economic system of communism puts all the planning of the economy in the hands of the government. A communist society distributes ownership of goods, evenly among all its members. Due to the immense power of the state, small businesses practically do not exist in a communist society.

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