201k views
12 votes
What does the term capitalism and communism mean​

User DanielK
by
7.8k points

1 Answer

2 votes
capitalism- an economic/political system in which a society’s trade & industry are controlled by private owners for profit

communism- a philosophical/social/political/economic ideology which establishes a classless society in which all property and wealth are owned by a community and not by individuals
User Jijinp
by
8.7k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.