Exercise 1a. Private property and private enterprise are reduced to a minimum.
b. A small area of the economy.
c. Karl Marx conceived of a world in which there would be no private property whatsoever.
d. Communism in theory states that all property should belong to the State.
e. In practice, however, the citizens of state like Cuba are permitted to have personal effects.
f. The important thing about the communist system is its central planning. The State organizes the whole economic effort of the nation.
g. The authority decides what quantities of goods will be produced, and also controls their quality, deciding how they will be distributed and what prices will be charged for them.
h. The authority controls their quality.
i. The authority deciding how they will be distributed and what prices will be charged for them.
j. The State provides all or most of the services which the citizens require. It is responsible for the economy, and is therefore concerned with methods of production as well as with quality and quantity.
2. into
3. from
4. of