2) Why do you think the idea of Capitalism and Communism became popular socio-economic systems after V
3) How and why did the cold war come to an end?
Answers
Answer:
Differences between Capitalism and Communism
Capitalism
System of government is democratic
Property is privately owned
Driven by free enterprise
Wealth distributed unevenly
Education and health care provided by private entities
Freedom of the press Class distinctions: upper class, middle class and working class
Focus is on the individual and his/her own progress in life
Communism
System of government is totalitarian
Property is owned by the state
No free enterprise is allowed
Wealth distributed equally
Education and health care provided by the state
Press controlled and owned by the state
Classless society: all members of society are considered to be equal
Focus is on the progress of the community as a whole
Answer:
Differences between Capitalism and Communism
Capitalism
System of government is democratic
Property is privately owned
Driven by free enterprise
Wealth distributed unevenly
Education and health care provided by private entities
Freedom of the press Class distinctions: upper class, middle class and working class
Focus is on the individual and his/her own progress in life
Communism
System of government is totalitarian
Property is owned by the state
No free enterprise is allowed
Wealth distributed equally
Education and health care provided by the state
Press controlled and owned by the state
Classless society: all members of society are considered to be equal
Focus is on the progress of the community as a whole