History, asked by shwethashreya918, 6 months ago

capitalism VS communism in short and simple words, please give explanation in your own words

Answers

Answered by suman2216
1

Answer:

1.In a capitalist economy, production is determined by free market forces such as supply and demand.

2. In a communist economy, the government determines which goods and services get produced and how much is available at any given time.

Hope it helps you...

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