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Capitalism is based on wage labour and production for sale. Communism has no economic system, as it has no money and so no buying and selling.

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paulbenn

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4y ago

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Which economic system calls for a maximum of collective ownership?

Classical capitalism


What types of economic systems exist throughout the world today?

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What were two ideologies were most directly opposite of each other?

Two ideologies that were most directly opposite of each other were capitalism and communism. Capitalism is an economic system based on private ownership and free markets, while communism is a social and economic system where all property is collectively owned and individuals work for the common good. These ideologies differ in fundamental aspects, such as the role of the state, private property, and the distribution of wealth.


What economic system has government ownership of the means of production and distribution?

Communism


What is Karl Marx famous for?

That Communism was the economic system that we should use instead of capitalism.


What theorie is Karl Marx famous for?

That Communism was the economic system that we should use instead of capitalism.


What do capitalistic?

Capitalism is the economic system mostly owned by private corporations and operated for profit. This is in contrast to communism, where the economic system is mostly owned by the state.


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.


Are communism and capitalism considered to be parties?

They are not considered to be parties. Capitalism is an economic system, Communism is a political ideology that aims for a post-capitalist economic system. There are Communist parties, which claim to want to build a communist system eventually. There are no parties with the name capitalist, because we currently live in a capitalist society. Basically, all political parties are capitalist - they are all parties of capitalism.


Capitalism is an economic system in which all property is shared among all people?

No! Communism is an economic system in which all property is shared among all people.


Which economic system does the government own most of the factories equipment and agricultural lands?

socialism


Why was the communist system created by Lenin and Stalin seen as a rejection of Western capitalism?

Communism is an economic system almost the opposite of capitalism. Capitalism is the ownership of property and the means of production and wealth is in the hands of private entities. Communism is ownership of property and the means of production by the government and wealth shared with all.