CAPITALISM VS COMMUNISM Contents 1.Capitalism a. What is capitalism? b. Historical development of capitalism c. Features of capitalism d. Merits of capitalism e. Demerits of capitalism 2.Communism a. What is communism? b. Historical background of communism c. Principels of communism d. Advantages of communism e. Disadvantages of communism 3.Comparision of capitalism and communism 4.Conclusion CAPITALISM a. What is capitalism?
Free Communism Capitalism Karl Marx
Capitalism and communism are two economic systems that shape the way a nation produces and distributes goods and services.Capitalism relies on competition and private property to gain money. In communism‚ everything is owned by the state‚ and private property is non existent. Capitalism was conceptualised in Europe by a man named John Locke. Communism was created by Karl Marx in England and he believed a violent working class revolution would over through the government and communism would reign supreme
Premium Communism Karl Marx Capitalism
CAPITALISM |COMMUNISM | | |Definition: *An economic system based on the private ownership of |Definition: *A social‚ political and economic ideology that tends | |the means of production (technology‚ transport‚ and banking). |to establish a society essentially based on the private ownership of| | |the means of production. | |
Premium Capitalism Communism Property
Chemistry Research Paper What is an anti acid? According to Cindy Quarters (2010)‚ “Antacids are medicines that are taken orally to help relieve sour stomach‚ heartburn‚ or acid indigestion”. This medicine is available without prescription but it is needed to take the correct dose. The different types of anti acids include calcium carbonate‚ sodium bicarbonate‚ magnesium hydroxide‚ aluminum hydroxide‚ and dihydroxyaluminum sodium carbonate. The cost of the anti acid will depend on how effective it
Premium Gastric acid Acid Base
After the Russian Revolution of 1917‚ communism emerged onto the world stage as a new organized governmental system. Communism’s main principles were to promote civil equality and unification within society. Communism‚ was a polar opposite system of Europe’s most popular government style‚ capitalism. Capitalism‚ a government method focused on industry‚ and production decreased the quality of life for many Europeans. Particularly between 1920 and 1940‚ some employers abused the rights of their workers
Premium Communism Socialism Great Depression
Communism and Eugenics are similar. One way they are in common is that they both want to have 1 social class. The second reason is they want to make the social classes more equal to make a better society. The fact that both sides want to have 1 social class shows that they are both similar. An example of this is “All creatures would agree that it was better to be healthy then sick‚ vigorous than weak‚ well-fitted than ill-fitted…” this was said by Galton in his ways of making the world better with
Premium Charles Darwin Eugenics Race
Cold War and Communism HIS/135 There are situations in life that can arise at any moment‚ without our control. Nuclear war and terrorism are two of these situations. There are things we can do to prepare for these situations‚ but are we ever really prepared? To live under the threat of nuclear war must have been terrible. To know that at any moment a something very catastrophic could happen to us and our family‚ and there are only a number of things we can do to protect ourselves‚ is a
Free Nuclear weapon Cold War World War II
definition of Communism on Dictionary.com online it states; “ a theory or system of social organization based on the holding of all property in common‚ actual ownership being ascribed to the community as a whole or to the state” and the definition of Confucianism states; “the system of ethics‚ education‚ and statesmanship taught by Confucius and his disciples‚ stressing love for humanity‚ ancestor worship‚ reverence for parents‚ and harmony in thought and conduct.” Confucianism and Communism has been
Premium Confucianism Han Dynasty Communism
Communism and capitalism are two forms of government that are vastly different but used by many nations. The United States and the former Soviet Union were ran by two economic systems that were on two different sides of the spectrum because of how vastly different they were. The Soviet Union used a political system that would allow government to control everything‚ including the means of production‚ where people were allowed to live‚ and even what career people were allowed to go into to. Communism
Premium Great Depression Russia Soviet Union
Fahad Sultan ENG 111 (023N) Communism VS Democracy What is communism? It is the total interference; total control of the government‚ there is one government that controls everything‚ and it works through the central economy system. Property is owned by the state‚ businesses are owned by the state. A communism empire has no free market system‚ everything is dictated‚ workers are given fixed wages and are told what to make. Communist government has a government league that decides what needs to
Premium Capitalism Communism