Question

BRAINLIESTT ASAP! PLEASE HELP ME :) Describe the difference : Capitalism vs. Communism

Answer 1

Some differences of Capitalism and Communism include;

Capitalism;

- Property is owned privately

- Encourages entrepreneurship

- Market economy

- Government intervention is for regulation

- The old, young, and sick are not taken care of

- Competition is often promoted

- Individuals decide what to produce, how to produce, and for whom to produce to/for.

Communism;

- Property is to be equally shared among people to create an equal society.

- Individuals freedom to buy and make what a persons wants is not guaranteed.

- Tends to triumph in agrarian communities.

- The government own and manages all of the production.

- The government is also the decider of what to produce, how to produce and to/for whom to produce.

- Shortages are likely to transpire.

- A command economy

- Typically free healthcare for one and all.

Answer 2

Communism is the idea of everyone being equal no private businesses, free healthcare free school etc everything is owned by the state it is a great idea that will never work because of peoples greed to want more and more.  There are also problems and concerns with corruption as the businesses etc are all state owned

Capitalism is an idea that the countries/states economy is controlled by private businesses for profit rather than by the state. Which is currently how the US works.

I didn't put much details into the answer because I wanted it to be swift and not confusing I just outlined the basic idea of the two systems if you need more info let me know.