Capitalism: Any person should be free to start a business and employ people, Any profit made is an individual reward for hard work, Average standard of living is higher , Larger spread between the rich and poor, more inequity, A free economy, A variety of opportunities for all, Choice of many political parties for government, A democracy, Government chosen by the people, Supply and demand determines prices and production, Communism: No private person should profit from the work of other citizens, Lower standard of living, Everyone is mostly equal in wealth, Controlled economy, All profits go to the government/state, Fairness and equality for all, One party government, Government is established by a few, no free voting, Everything belongs to the government/state, Government runs everything for the benefits of the people,
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Communism vs Capitalism
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Juliebrown
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