Communism has no economy, as it has no money or wages or prices.
A real free market probably doesn’t exist, but market economies rely on production for profit and exploitation of those who really produce the goods and services.
Capitalism and communism - APEX.
capitalism
Communism: a classless stateless society based on common ownership and production for use. Fascism: an authoritarian variety of capitalism, with wages system, production for sale and no democratic rights.
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The main difference between capitalism and communism lies in their approaches to ownership and economic management. Capitalism emphasizes private ownership, individual profit, and free markets, allowing supply and demand to dictate production and pricing. In contrast, communism advocates for collective ownership of resources and means of production, aiming for a classless society where goods are distributed based on need rather than profit. This fundamental difference leads to distinct economic structures and societal values in each system.
Marx talked about the dictatorship of the proletariat as the transition between capitalism and Communism. This just meant the working class taking temporary control of the state and using it as part of the changeover to a classless society.
Which countries that are under communism , socialism and capitalism
Classical capitalism
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.
No. The opposite happened. Karl Marx's critique of capitalism was what started communism.
Captilism is about only recieving what you you give to your country. while communism states that everyone is equal so everybody gets anequal reward regardless how long you work or your proffesion
Capitalism