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diamong [38]
3 years ago
13

How does capitalism divides its wealth

History
1 answer:
Salsk061 [2.6K]3 years ago
5 0

this is a little disorganized but it's all there!

capitalism divides its wealth with little to no government interference. private business, a mostly free market. WITH COMPETITION, focused on profit. this is how the rich get richer and the poor are on standby.

"Communism and socialism are economic and political structures that promote equality and seek to eliminate social classes."

socialism and communism don't divide wealth, per-say. equal resources are distributed by the gov't. no competition, lesser incentives thus ways to really progress. background, education, amount of labor doesn't matter as everyone is supposed to receive equal treatment.  

in simplest terms...

communism is basically socialism but with more gov't control over wealth. FULLY gov't controlled. the people do not hod ownership over any wealth.

there are businesses under socialism that arent gov't controlled. socialism still allows one to own property. also, high taxes for the community to run housing and education...etc

there are little one-three minute comprehensive videos on the differences. you could also just google "communism vs. socialism vs. capitalism" and find more :)

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