Socialism and communism -
Which statement is characteristic of a communist system? Check all that apply.

The government controls the means of production.

The government regulates a centrally planned economy.

Prices and wages are set by the government.

A single authoritarian party holds complete power.

Explanation:

first industrial revolution - the first wave of the industrial revolution lasted from the late 1700s to the mid-1800s. it industrialized the manufacture of textiles and began the move of production from homes to factories. steam power and the cotton gin played an important role in this period.