What is the difference between Communism and Capitalism? - ProProfs Discuss
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What is the difference between Communism and Capitalism?

Asked by T. Lopez, Last updated: Jan 08, 2020

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C. Block

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C. Block, English Professor, M.A, Ph.D, Buffalo

Answered Aug 28, 2019

There are so many differences between communism and capitalism, which must be clearly understood. Communism and capitalism differ in their approach as regards both political and economic ideology or philosophy. Communism simply means a political philosophy or ideology in which both the resources and the means of production are collectively owned by the people. In communism, classes and the state don't exist. Everybody is treated equally with the existing resources. ...Read More
 

O. Bickis

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O. Bickis, Corporate employee, MBA, Stockton

Answered Jun 13, 2019

Communism and capitalism are terms that are usually used when discussing the economy. They have different meanings. Communism means that certain things used to be only available privately that are now being opened to the general public so that everyone can enjoy and experience the results. ...Read More
 

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