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Communism and socialism are both political and economic ideologies that advocate for collective ownership of resources and the means of production, aiming for a more egalitarian society.

Communism is a political and economic ideology based on the theories of Karl Marx and Friedrich Engels. It envisions a classless society where the means of production are owned collectively by the community or the state.

Socialism is a broad political and economic system that advocates for public or social ownership of the means of production, distribution, and exchange.

I prefer Socialism because ranging from democratic socialism, where socialist policies are implemented within a democratic framework, to more centralized forms where the state plays a larger role in economic planning and resource allocation.

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Capitalism is when companies are private and try to make money by selling things on the market.

Communism is a system where the government controls everything including factories and land, and everyone shares the resources equally.

I prefer capitalism because it focuses on competition, individualism and the pursuit of economic success.

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Definición:

Capitalism refers to an economic system in which a society's means of production are held by private individuals or organizations, not the government, and where products, prices, and the distribution of goods are determined mainly by competition in a free market. “A System”

Communism is a type of goverment as as well as an economic system(a way of creating and sharing wealth). “Karl Marx”.

IN MY WORDS:

Capitalism: Is a system runned by a prívate individual and not a public one.

Communism: Is where power has everything public instead of private and people work for being paid for their habilities.

WHY?:

I choose the Capitalism because as managing prívate systems people have a visión of production as seeing a difference of communism.

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Capitalism is an economic system that is based on private property or businesses that operate them for profit. Basically all prices, production, goods and services are determined by competition on a free market, without the getting the government involved

Communism is a economic system where everyone shares everything equally because of necessit, that means that the private goods or services don’t exist in the system

I think that the capitalism system is way better than te socialism because it promotes competition and can lead to economic growth, however it also can lead to income inequality

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Capitalism is an economic system where individuals and companies own businesses and make decisions about what to produce and how to sell goods and services. People can buy and sell freely in markets, and competition helps set prices.

Communism, on the other hand, is a system where the government owns all businesses and decides what goods and services are made and how they are distributed. In theory, everyone gets what they need, and there are no social classes.

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DEFINITION OF CAPITALISM: is a economic and political system in which a country trade and industry are controlled by private owners IN MY OWN WORDS: capitalism is a system run by a private individual and not a public one DEFINITION OF COMMUNISM: is a politicas theory derived from karl marx, advocating class war and leading to a society in which all public property owned and each person works and is paid according to their abilities IN MY OWN WORDS: communism is where power has everything public and people word and are paid for their skills and needs i prefer capitalism because improves the capacity of production and inoovation in a industrial society so that is a sign for proges a difference of communism

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Two opposing political and economic systems are represented by capitalism and communism. Communism seeks to achieve economic equality through state rule and promotes shared resource ownership and the abolition of social classes. In contrast, capitalism is predicated on private property, free markets, and individual initiative, which promotes economic expansion and wealth accumulation. Capitalism places more value on individual liberties and the results of the market, while communism emphasizes collective welfare and government control.

Personally i prefer capitalism because capitalist economies tend to experience higher rates of economic growth compared to communist or centrally planned economies and also encourages competition and entrepreneurship, driving businesses to innovate and produce goods and services efficiently.

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Fabio Espinosa

Capitalism:

Capitalism is an economic system characterized by private ownership of the means of production and the pursuit of profit.

Key Authors:

Adam Smith: Often referred to as the father of modern economics, Smith’s seminal work “The Wealth of Nations (1776) laid out the principles of capitalism.

Capitalism in my opinion is associated with economic growth, technological innovation, and higher standards of living in many parts of the world.

Communism:

Communism is a socio-economic system characterized by the common ownership of the means of production and the absence of social classes, money, and the state.

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Capitalism and communism are two different social and economic systems,both have different objectives and different ways to see the economy.

Capitalism is characterized by private ownership, individual freedom, and promotes innovation and development. Some important leaders of capitalism are Adam Smooth, that is considered the founder of modern economics and David Ricardo.

Communism is characterized by the public ownership, a planned economy, delate economic inequality and a strong government control. Some important leaders are Karl Max, Vladimir Lenin and Joseph Stalin

Personally, I prefer capitalism because gives us freedom of choice, and also impulse the innovation and competition that generates economic growth.

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Communism is political and economic doctrine that wants to replace private property and a profit based economy with public ownership and communal control of at least the major means of production and the natural resources of a society.

Capitalism is an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society.

I prefer capitalism because it focuses in the private property and the own competition

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Communism is a type of government or economic system. Acording to Karl Marx, communism erases the idea of class divisions, government, or personal property. Communism makes people share the goods and wealth that they have in order to have equality among everyone.

Capitalism is an economic and social system in which private property is the base of this ideology. Capitalism allows people to have their own things through work and profit gain.

I personally prefer capitalism because it let's you obtain your own things through your own effort.

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Definition

Capitalism is a system where people own businesses and make money by selling things. It's based on competition and people making choices about what to buy and sell. In capitalism, the government doesn't control businesses very much.

- Main Authors: Adam Smith,

- Implications: Private ownership, free markets, pursuit of profit.

- Statements: Invisible Hand", Supply and Demand

Own Words

In capitalism, people and businesses own property and can make money from their own businesses. The government doesn’t control businesses much, people have freedom to buy and sell as they want

Definition

Communism is a system where everything is owned by everyone. The government controls everything, including jobs and resources, and tries to make sure everyone has what they need. There are no rich or poor people because everything is shared equally

Main Authors: Karl Marx, Friedrich Engels.

- Implications: Abolition of private property, classless society, collective ownership.

- Statements: From each according to his ability, to each according to his needs, Dictatorship of the Proletariat

Own words

The government owns all property and controls the economy.

Everyone shares the resources equally, so there are no rich or poor people.

I prefer Capitalism because it helps economies grow, gives people freedom to choose jobs and start businesses, makes things cheaper and better through competition, and rewards hard work and new ideas.