In a few words, what is the difference between Communism and Capitalism?
Communism is an economic system where everyone owns the means of production, like factories and farms. Capitalism is an economic system where private individuals or businesses own the means of production. In communism, wealth is shared amongst the people. In capitalism, wealth is concentrated amongst a few.
Communism vs. Capitalism
Communism: an economic and political system in which the government owns and controls the means of production and the distribution of goods and services. Capitalism: an economic and political system in which the means of production and the distribution of goods and services are privately owned and controlled. Socialism: an economic and political system in which the means of production and the distribution of goods and services are owned and controlled by the community as a whole.
In the early days of capitalism, it was illegal for workers to form unions and demand better working conditions. Communism is based on the idea of shared ownership of resources and the elimination of money and the state. Communism was the first political system to guarantee equal rights to women, including the right to vote.
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Work together in pairs: What are the main differences between communism and capitalism?
Work together in pairs: What are the main differences between Communism and Capitalism?
Brain break: Draw a flying pizza with dancing toppings.
What is the main economic ideology behind capitalism?
- Free market
- Central planning
- Democratic control
Which economic system advocates for collective ownership of the means of production?
What is the role of government in a capitalist economy?
- Minimal intervention
- Complete control
What is the most common form of government associated with communism?
- Single party state
Which philosopher's theories inspired communism?
- Karl Marx
- Adam Smith
- John Locke