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CAPITALISM_VS_COMMUNISM

aneruiher

Created on March 20, 2020

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Transcript

COMMUNISM

CAPITALISM

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.

  • Type of ownership: private.
  • Wealth: creation.
  • Richness: countries that follow capitalism get richer.
  • Trade: free.
  • Taxes: low.
  • Regulation: light.
  • Type of workers: hard.
  • Factors of production owned by: individuals.
  • Factors of production valued for: profit.
  • Allocation decided by: law of demand and supply.
  • From each according to his: market decides.
  • To each according to his: income, wealth and borrowing ability.

Communism is a philosophical, social, political, economic ideology and movement whose ultimate goal is the establishment of a communist society, namely a socioeconomic.

  • Type of ownership: public.
  • Wealth: distribution of wealth.
  • Richness: countries that follow Communism get poorer.
  • Trade: restricted.
  • Taxes: high.
  • Regulation: heavy.
  • Type of workers: lazzy.
  • Factors of production owned by: everyone.
  • Factors of production valued for: usefulness to people.
  • Allocation decided by: Central plan.
  • From each according to his: ability.
  • To each according to his: need.

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