Question

In an 8-10 sentence summary, explain the difference between Communism and Capitalism. Use examples of countries that use each form of government, the advantages and disadvantages of each and which do you believe is right for our country and why.

Answer 1

Production in a capitalist economy is governed by free market factors like supply and demand. The government controls which commodities and services are produced and how much is accessible at any given moment in a communist economy.

A well-known example is the United States of America (USA) and the Union of Soviet Socialist Republics (USSR)

Step-by-step explanation: