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This is an accepted version of this page This is the latest accepted revision, reviewed on 8 December 2024. Type of society and economic system This article is about the hypothetical stage of socioeconomic development. For the economic systems of the former Soviet and Eastern Bloc Communist states, see Soviet-type economic planning. For communistic society, see Intentional community. Part of a ...
The most prominent example of a planned economy was the economic system of the Soviet Union and as such the centralised-planned economic model is usually associated with the communist states of the 20th century, where it was combined with a single-party political system.
The socialist mode of production, also known as socialism or communism, [a] is a specific historical phase of economic development and its corresponding set of social relations that emerge from capitalism in the schema of historical materialism within Marxist theory.
Some critics consider socialism to be a purely theoretical concept that should be criticized on theoretical grounds, such as in the economic calculation problem and the socialist calculation debate, while others hold that certain historical examples exist and that they can be criticized on practical grounds.
Marx argued that communism was an evolutionary step of human society based on the socioeconomic conditions created by capitalism rather than the result of imposing an economic - politics model to society. He said: "Communism is for us not a state of affairs which is to be established, an ideal to which reality [will] have to adjust itself.
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In the classic Marxist definition (pure communism), a communist economy refers to a system that has achieved a superabundance of goods and services due to an increase in technological capability and advances in the productive forces and therefore has transcended socialism such as a post-scarcity economy. This is a hypothetical stage of social ...
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