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- Subject
- Basic of Economicseconomics-mcqs › basic-of-economics
- Published
- 26 May 2019
- Last updated
- 28 May 2026
Explanation
The slogan "From each according to his ability, to each according to his needs" is a core principle of the Communist System, emphasizing distribution based on individual capability and need. The Feudal, Capitalist, and Fascist systems do not adopt this principle.
More Basic of Economics MCQs
Practice related questions from the same subject.
- 1.Which of the following best describes deflation?
- 2.Under what condition can two nations benefit from engaging in international trade?
- 3.Which of the following represents a legitimate form of currency?
- 4.Which type of currency experiences a decline in its exchange rate due to a continuous balance of payments deficit?
- 5.What is the standard abbreviation used to denote barrels when measuring oil?
- 6.What does the term 'commercial policy' refer to?
- 7.Which German city is recognized for hosting the world's very first automobile factory?
- 8.What components are included in a country's balance of payments?
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