Question

I need help comparing capitalism, socialism, and communism...can anyone help?

Answer 1

i can:)

Answer 2

please help lol. I'm in the middle f an assignment and I have no idea how to compare the three.

Answer 3

of*

Answer 4

capitalism - the government stays out of the economy and people are free to do as they like (laissez-faire). taxes are minimal.

Answer 5

socialism - the government owns or controls varying means of production. under true socialism, the government controls all means of production. taxes are usually very high.

Answer 6

Capitalism - Capitalism is an economic system based on the private ownership of the means of production, with the goal of making a profit

Socialism - Socialism is an economic system characterised by social ownership of the means of production and co-operative management of the economy.

Communism - Communism is kind of like an opposite of capitalism. Everyone compete for money. Everybody would be equal in wealth and social status. (No private property)

Answer 7

For communism, a garbageman can literary make a same amount of money as a doctor.

Answer 8

Thank you guys :)

Answer 9

np:)

Answer 10

I hope this help! :)

Answer 11

It did :)