Differences between communism and capitalism

1 answer:

8 0

Answer: Communism and capitalism are two economic ideologies in the world that concern the ownership of goods. Communism advocates community ownership of production whereas capitalism advocates private ownership of production. As a result, there are social divisions based on wealth in a capitalist community.

Explanation: Capitalism is an economic system in which the trade and industry of the economy is owned and controlled by private individuals, to make profit. Communism refers to social system in which country's trade and industry are controlled by the community and the share of each individual relies on his ability and needs.

You might be interested in

Since the description of the presidency given in Article II is sketchy, it has been used as _____ of presidential powers.

Sergio [31]

Answer:

The answer is D an outline (Gradpoint)

Explanation:

8 0

3 years ago

An outraged korean citizen

Anon25 [30]

Answer:

what?

Explanation:

7 0

4 years ago

European traders wanted protection from:

snow_lady [41]

The answer is warships and robbers

3 0

3 years ago

Read 2 more answers

What did william wilberforce help accomplish in england?

Amiraneli [1.4K]

<span>William Wilberforce have a great impact in England because he is the leader that stopped the slavery in England. His will to abolish the slave trade in England was motivated by Wilberforce’s faith. He was an Evangelical Christian wherein he is spreading the word of God.</span>

5 0

4 years ago

Read 2 more answers

When American settlers first arrived in Texas in 1821,

kakasveta [241]

Answer:

In January 1821, Moses Austin was promised a contract for land in exchange for bringing 300 Catholic families to settle in Texas. After his death in June of that year, his son Stephen F.

Explanation:

6 0

3 years ago