Question

what is communism and capitalist

Answer 1

A theory or system of social organization in which all property is owned by the community and each person contributes and receives according to their ability and needs is Communism.

a person who uses their wealth to invest in trade and industry for profit in accordance with the principles of capitalism is a Capitalist.

Answer 2

One of the major differences betweencapitalism and communism is with regard to the resources or the means of production. In Communism, the community or society solely owns the resources or the means of production. On the other hand, in capitalism, the resources or the means of production lies with a private owner.