How are the ideologies of socialism, communism, and capitalism similar and different?
module 6.03 travel journal please help
Communism is an economic ideology popularized by Karl Marx in the 19th century, which theorizes that the workers of a fully industrialized nation can unite and takeover control of private industry. Socialism is the form of government that adopts the communist ideology, such as Russia did in 1917 and China in 1949, but did not allow the workers to control private industry as they claimed. The government, itself, controlled all private enterprises. Capitalism is an economic principle in which business and government are independent of each other. Businesses operate in a free market and are regulated by that market, not by government.
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