Can you start a business in Communism? What about in a free market economy?
asked:
I need to know for a project. Can you start a business in Communism in China, and if so, how do you do it? Also, does the government decide your job or do you chose it?
In a free market economy, like Somalia, how do you start a business?
Business
In a truly Communist economy (and China isn’t anymore), you would have to get permission from the government to start a business.
Business
You can try. But the Government will seize control of it.
The Economy is Run From Central Commissar Headquarters. Nobody is allowed to freely engage in trade without direct control from Government HQ.
Business
I’d say in a truly communist country, there is no private property or private enterprise so no, only the government can start a “business” — except it wouldn’t be a business, it would be a government activity. So only someone acting in their role as a government planner or employee would “start a business”, which would involve presenting the idea to authorities and lobbying for permissions and resources to do it.
China is no longer a communist economy; in China yes you can start a business. You maybe need licenses or permits or something, but that’s often the case in any country.
Somalia is more of an anarchy than a free market, so in Somalia you can probably do anything you want, as long as it doesn’t bother whoever has the most guns in your neighborhood.
In a normal, practical free market, such as in the U.S., anyone can just start a business. Depending on local laws and the location and activity you are engaging in, you may need some sort of license or need to register your business entity with local authorities, but you are still free to do it.