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Communism Defined
Communist Manifesto
Capitalism v. Communism
Russian Revolution
Revolution in China
Chinese Communism
Cold War
Events of the Cold War
Modern China
USSR Collapse

CommunismGlobal History Regents Review
Capitalism v. Communism

Capitalism and communism are on opposite ends of the spectrum of government control.  Here is a chart comparing how capitalism and communism answer the three basic economic questions.
Question Capitalism Communism
What to produce? Market determines--if it will sell, it will be made Government councils decide what to produce depending on what they see as a need of all the people
Who produces it? Market determines--if an entrepreneur decides to make the product to make a profit, the entrepreneur will produce it Government councils decide which government owned factories produce the goods they decide to make
For who is it produced? Market determines--if the consumer can afford it, the entrepreneur will produce it for the consumer Government councils decide which citizens get which goods


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