Q:

What is the difference between capitalism and communism

Answer

Capitalism is an economic system in which the means of production and distribution are privately or corporately owned and... MORE?

Categorized In: U.S. Government , World Governments , Law

Source: capitalism - definition of capitalism by the Free Online Dictionary, Thesaurus and Encyclopedia. | www.thefreedictionary.com

Description: economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.

Nov 09, 01:13pm

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More ChaCha Answers (2)

Capitalism- profit provides incentive for investment and the employment. Communism- is commonly owned and resources are allocated.

Sep 23 2009, 01:33pm | Source: Capitalism vs Socialism vs Communism | www.conservative-resources.com

Communism is where gov't plans & controls the economy & capitalism is when production & distribution are privately/corporately run

Apr 22 2009, 01:37pm | Source: communism: Definition from Answers.com | www.answers.com
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