HappyDancingPaws
HappyDancingPaws HappyDancingPaws
  • 29-03-2017
  • History
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What are three differences between contrast communist and capitalist economies

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nightmist
nightmist nightmist
  • 29-03-2017

A critical difference between these two ideals is the ownership of economic production. Communism allows the central government to determine what goods to produce or sell and what price is charged for these goods. Capitalism leaves the decisions of economic production to the owners of the individual businesses. 

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