Capitalism is an economic system in which the means of production and distribution are privately or corporately owned. Operations are funded by profits, and not controlled by a state government.
Communism is a theory or system of social organisation in which all property is owned by the community and each person contributes and receives according to their ability and needs.
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No comments:
Post a Comment
Please structure your comments as follows:
Positive - Something done well
Thoughtful - A sentence to let us know you actually read/watched or listened to what they had to say
Helpful - Give some ideas for next time or ask a question you want to know more about
Note: only a member of this blog may post a comment.