Question

Identify each example and feature as either associated with capitalism or communism.

Answer 1

Capitalism - private owners can own companies/properties

Communism - the state owns all companies/properties

For capitalism box:

• the United States

• individuals have the right to own property

For communism box:

• the government owns businesses and property

• a form of socialism

• Russia in 1917 (following the revolution, four socialist states were established and eventually the Soviet Union in 1922.)