list 5 differences between capitalism and communism

Answers

Answer 1

Answer:

1. In capitalism Property belongs to private owner but with communism the community or society solely owns the resources or the means of production.

2. While the private party controls the resources in capitalism, it is the society that controls the whole means of production in communism.

3. For Communists, the society is above individuals. But for capitalists, individual freedom is above the state or society.

4. While Communism stands for abolishing private property, Capitalism stands for private property.

5. In a capitalist economy, successes and failures (profits) of individuals and companies determine the allocation of resources. In a communist command economy, the government determines resource allocation. These decisions are typically made based on macro-economic and/or political considerations.

Explanation:

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Related Questions

How did the Gadsden Purchase make it possible for people to move to
California during the gold rush?

Answers

Answer:

An effect of the Gadsden Purchase was that the United States gained land from Mexico to build a planned rail. The United States finally reached an agreement to pay Mexico $10 million for a portion of land.

Explanation:

recall one detail from the passage above that you found interesing about martha washington

Answers

Answer:

Martha married Daniel Parke Custis on May 15, 1750 or Unlike most women in Virginia in the early 1700s, Martha learned to read and write. ..

Explanation

Answer:

Martha Washington learned how to read and write unlike most women in Virgina. (in 1700s)

Explanation:

What was the effect of England’s defeat of the Spanish armada?

It established England as a world power.
It increased Spain’s influence in European lands.
It caused England to stop funding global expeditions.
It forced Spain to refocus on dominating the Mediterranean.

Answers

Answer:

A: It established England as a world power.

Explanation:

In the late 1500s, Spain was the dominant world power, especially in naval power.

England was raiding Spanish ships, and supporting rebellion in Spanish territories.

Spain decided to retaliate, and attempted to invade England, in part due to the disputes over trade in the new world.

Spain prepared a huge armada, or fleet, of 130 ships and 28,000 soldiers.

Though outnumbered, English forces ddefeated the armada by using better guns that could fire long distances.

The English victory is portrayed in this painting.

The defeat of the Spanish Armada happened on July 29, 1588.

The victory established England as a major world power.

It also made long-range guns important in naval warfare.

Defeating the Spanish Armada made England the dominant world power as the 16th century came to close.

The  effect of England’s defeat of the Spanish armada was it established England as a world power. The correct option is (A).

What is the outcome of defeating the Spanish Armada?

The Armada's loss prevented an invasion of England and prevented the collapse of the Dutch Republic, but it also dealt a severe blow to the reputation of the biggest European force at the time.

The Invincible Armada was decisively defeated by Queen Elizabeth, establishing England as a superpower and ushering in a new age of naval warfare marked by the introduction of efficient long-range weapons that put an end to the practise of boarding and close-quarter combat.

Elizabeth entered the world stage once Spain was defeated, which established Protestant control in England.

Therefore, the effect of England’s defeat of the Spanish armada was it established England as a world power.

To know more about the Spanish Armada, visit:

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The legislative branch of the national government is responsible for which of the following?
OA. vetoing laws
OB. creating treaties
OC. nullifying laws
OD. imposing taxes

Answers

Answer:

B: they are responsible for creating laws

Answer: D

Explanation:
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