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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?

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

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


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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.


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

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Are communism and capitalism considered to be parties?

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

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Economic system replacing communism?

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