Telegram group: T.me/BBCNOUN [ECO427] The communist manifesto published in 1847 [ECO427] Socialism is an economic system based on Collective ownership [ECO427] Karl Marx views economic change as a revolutionary process [ECO427] One is not an example of land money [ECO427] Market economy is an economic system that is guided by demand and supply [ECO427] Goods produced mainly by workers are Labour intensive [ECO427] Cuba is a good example of planned economy [ECO427] Factors of production are Money [ECO427] What is the major economic problem of the society scarcity [ECO427] Communism is also known as command system