Capitalism and communism are different in their political and economic ideologies. Capitalism and Communism never go together.
One of the major differences between capitalism and communism is with regard to the resources or the means of production.
In Communism, the community or society solely owns the resources or the means of production. On the other hand, in capitalism, the resources or the means of production lies with a private owner.
While the profit of any enterprise is equally shared by all the people in communism, the profit in a capitalist structure belong to the private owner only. While the private party controls the resources in capitalism, it is the society that controls the whole means of production in communism.
For Communists, the society is above individuals. But for capitalists, individual freedom is above the state or society. While capitalism is a self regulated economic system, communism is a government run economy. In capitalism, the individual has full control over production and decides on the price structure. Contrary to this, it is the society or the government that determines the price structure in communism.
Communism stands for equal sharing of work, according to the benefits and ability. But in capitalism, an individual is responsible for his works and if he wants to raise the ladder, he has to work hard.
While Communism stands for abolishing private property, Capitalism stands for private property.
Moreover, communism stands for a class less society, which doesn’t see any difference between the rich and the poor. On the other hand, capitalism divides the society into rich and poor. Capitalism can be said to be the exploitation of the individual. While every one is equal in communism, there is a great divide of the class in capitalism.
Summary 1.In Communism, the community or society solely owns the resources or the means of production. On the other hand, in capitalism, the resources or the means of production lies with a private owner. 2. While the profit of any enterprise is equally shared by all the people in communism, the profit in a capitalist structure belong to the private owner only. 3.While the private party controls the resources in capitalism, it is the society that controls the whole means of production in communism. 4. For Communists, the society is above individuals. But for capitalists, individual freedom is above the state or society. 5.While Communism stands for
Explanation: Olmec is the first ancient civilization that started in 1600 B.C. Mayans began in 200 BC, Toltec began in 900 AD, and the Aztecs began in 1300 CE and were the strongest civilization. Spanish then came next in 1521 and conquered the Aztecs, claiming Mexico for Spain.
A political party is an organized group of people who have the same ideology, or who otherwise have the same political positions, and who field candidates for elections.
There are two sides of the party- democrats and republicans.
Democrats support voting rights and minority rights, including LGBT rights, multiculturalism, and religious secularism.
Republicans believe that free markets and individual achievement are the primary factors behind economic prosperity. They also believe private spending is usually more efficient than government spending. Republicans generally oppose the estate tax.
Donald Trump is republican and Joe Biden is a Democrat