which statement is characteristic of a communist system? choose four answers. the government controls the…

Brief Explanations:

In a communist system, the government has significant control. It controls the means of production (as there is no private ownership of major productive assets in the ideal communist - planned sense). The government regulates a centrally planned economy, where economic decisions like what to produce, how much to produce are made by the state. Prices and wages are set by the government (not by market forces as in a free - market system). Also, in historical implementations, a single authoritarian party (claiming to represent the working class) held complete power.

• "Prices and wages are set by supply and demand" is a characteristic of a free - market (capitalist) system.
• "Entrepreneurs are encouraged to take risks" is more in line with a capitalist system where profit motives drive entrepreneurship.
• "Businesses are free to follow their own best interests" is a feature of a free - market economy.

Answer:

• The government controls the means of production.
• The government regulates a centrally planned economy.
• Prices and wages are set by the government.
• A single authoritarian party holds complete power.