Question

How is capitalism DIFFERENT from communism?

(A)
(B)
(C)
(D)
In capitalism, the country uses land to make goods. In communism, the country uses labor to ma
goods. Istines:20
2009 200
In capitalism, businesses are owned by people. In communism, businesses are owned by the
government.
302:00
In capitalism, people share wealth equally. In communism, there is a big gap between rich and
In capitalism, prices are set by the govemment. In communism, prices are set by how much of
something there is.

Answer 1

In capitalism, businesses are owned by people, wealth is distributed unequally, and prices are determined by supply and demand.

Step-by-step explanation:

In capitalism, businesses are owned by people. In communism, businesses are owned by the government.

In capitalism, individuals have the freedom to own and operate businesses, while in communism, the government controls and owns all businesses. In capitalism, individuals can start their own companies and make decisions about production and distribution, while in communism, the government decides how resources are used and goods are produced.

In capitalism, people share wealth equally. In communism, there is a big gap between the rich and the poor.

In capitalism, individuals are rewarded based on their ability and hard work, leading to income inequality. In communism, the goal is to create a classless society where wealth is distributed equally among all members.

In capitalism, prices are set by the government. In communism, prices are set by how much of something there is.

In capitalism, prices are determined by supply and demand, while in communism, prices are typically set by the government based on production costs and resources availability.

Learn more about differences between capitalism and communism