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Communism Defined
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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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