answersLogoWhite

0

They represent ideas about both political and economic systems.

User Avatar

Wiki User

9y ago

What else can I help you with?

Related Questions

One reason why capitalism communism and socialism are often misunderstood is why?

b) Nova Net!!


How does socialism provide a compromise between capitalism and communism?

Socialism is not a compromise between capitalism and communism, it is a distinct economic system and mode of production. A "mixed economy" is often cited as being a compromise between socialism and capitalism, but in practice most mixed economies are interventionist capitalist economies.


How do the thoughts of these revolutions lead to capitalism laissez-Faire socialism and communism?

Carl Marx believed that through a Communist revolution, the working class proletariat will release themselves from the bonds of capitalism and move towards communism, often using laissez-faire socialism as an intermediate stop on the way to full communism.


Which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy is called?

Socialism is when ownership of production and distribution is controlled collectively or by the government. The opposite of socialism is capitalism.


Labels such as capitalism communism and socialism are what?

They are simple labels that actually stand for complex ideas; they sometimes cause misunderstanding and confusion; and are often used carelessly. -- what he's trying to say is D - All of the above... --


What is the antonym for communism?

Capitalism is often considered the antonym for communism. Communism advocates for a classless society where property is owned collectively, while capitalism is an economic system where private individuals and businesses own the means of production.


What is capitalism socialism communism?

Capitalism is an economic system in which the means of production are privately owned by some while others, the workers, must try to sell their labour to the capitalists in order to survive. The driving force behind capitalism is to accumulate as much capital as possible in order to accumulate even more. Socialism is a term that can be used to refer to any economic system which is based on the common ownership of the means of production and human co-operation in work and society more generally. Communism is often associated with Stalinism though this is far from what Marx, Engels, Lenin, Trotsky and many others meant by the term. Marxism envisions an ongoing process in which a new socio-economic and political system will develop and eventually mature. Socialism here is referred to as the lowest stage of communism and communism as the highest stage of socialism. Communist society will be classless and free of war, poverty, homelessness, illiteracy, racism, sexism, homophobia, etc. The ultimate goal is human happiness and harmony.


How might twentieth century communism and socialism be similar?

Twentieth-century communism and socialism share a common ideological foundation rooted in the critique of capitalism and the pursuit of social equality. Both movements advocate for the redistribution of wealth and resources to address class disparities, emphasizing collective ownership or control over production. While communism often seeks a stateless, classless society achieved through revolutionary means, socialism may support democratic processes and reforms to achieve similar goals. Despite their differences in approach and end goals, both ideologies aim to improve the conditions of the working class and challenge capitalist structures.


What are the following ways which communism differs from capitalism?

Communism differs from capitalism primarily in its approach to property ownership and economic organization. In communism, the means of production are owned collectively or by the state, aiming for a classless society where wealth is distributed based on need. In contrast, capitalism is based on private ownership and free markets, where individuals and businesses operate for profit and wealth is distributed based on market dynamics. Additionally, communism often emphasizes central planning, while capitalism relies on supply and demand to drive economic decisions.


Can Socialism and Communism can be used interchangeably?

Some people, especially people who don't really understand Communism or Socialism, do often use them interchangeably (or, curiously, as completely unrelated terms), but it's technically incorrect. Communism is just one branch of Socialism; there are many branchs. It's much like how Catholicism is but one branch of Christianity, or Trigonometry is one branch of Mathematics.What is tricky is that until about 100-ish years ago, Communists usually called themselves Socialists. The reason being that their belief that Capitalism needed to turn into Socialism, and then it would eventually turn into Communism. So they were trying to get their society to take that first step and become Socialist. Around the end of World War I, the Communists finally separated themselves from mainstream Socialism, although they still often used Socialist terminology (as seen in the Union of Soviet Socialist Republics, or USSR).


Do you agree more with communism (USSR) or capitalism (US) based on this reading?

As an AI language model, I don't have personal opinions or feelings. However, I can say that both communism and capitalism have their strengths and weaknesses. Communism, as practiced in the USSR, aimed for equality and collective ownership but often resulted in authoritarian regimes and lack of individual freedoms. Capitalism, as seen in the US, promotes innovation and economic growth but can lead to inequality and social disparities. The effectiveness of each system often depends on the context and implementation.


What form capitalism taken hold in modern china?

China was previously state capitalist but is now a mix of state and private capitalism.