What do socialism communism and fascism have in common?

Answer 1

Capitalism is an economic system based on private ownership of the means of production and the creation of goods and services for private profit.

Socialism is an economic system based on social ownership of the means of production, collective-decision making within firms, and the creation of goods and services for their utility.

Both capitalism and socialism are socio-economic systems. Another term for this is "mode of production", meaning, they are distinct modes of producing economic value.
Capitalism is an economic system based on private ownership of the means of production and the creation of goods and services for private profit.

Socialism is an economic system based on social ownership of the means of production, collective-decision making within firms, and the creation of goods and services for their utility.

Both capitalism and socialism are socio-economic systems. Another term for this is "mode of production", meaning, they are distinct modes of producing economic value.

Answer 2

Capitalism and socialism are two different economic systems. Capitalism is an economic system where private companies drive a country's trade and industry. So, in terms of economics, capitalism leaves the wealthy industrialists and entrepreneurs in control of the economy. Socialism is an economic system were the government takes an active interest in the economy, running large national companies and allocating the rates of production. As a result, the government is in control both politically and economically.

As concerns political theory, both capitalism and socialism provides no clear answers as to how to structure the government. Capitalism and socialism can occur under nearly any form of government, be it democracy, monarchy, autocracy, military junta, or a theocracy. However, a communist regime is usually dedicated to the implementation of an extreme vision of socialism that crowds out any form of private enterprise.

Answer 3

Both systems must address these questions: What to produce. How to make it. Who gets how much of what is made. The difference lies in the approaches to answer these questions.