Question

What is the difference between Communism and Capitalism?

Answer 1

$\huge{Communism}$

In communism, the property is owned by the community and people can contribute to that community and receives according to their needs.

The goal of communism is to create a stateless and classless society.

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$\huge{Capitalism}$

In capitalism, the country's trade and property are controlled by foreign or private owners and not by the own state.

Capitalists are usually wealthy and rich people who wanted to capture the trade and earn more money out of it.

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Answer 2

Difference between Communism and Capitalism:

Capitalism :

• In countries following capitalism , the properties are owned privately . People are the master of their own things. The one who owns more resources is the richer . Hence , there is an uneven distribution of wealth in capitalism.

• Society is divided as per the income : rich class , middle class and poor class .

• Since properties are owned by individuals , services like health care , education, etc are also provided by them .

• Prosperity of individual is the main ideology .

• For example : United States.

Communism:

• In countries following communism , the properties are owned by the government . Each individual shares same wealth .

• Society is classless . Everybody is considered equal as they share the same wealth . No one is rich or poor .

• Since properties are owned by government , so its the duty of government to provide services like health care, education,etc .

• Prospering of the state is the main focus .

• For example : Russia