Which of the following correctly compares capitalism socialism and communism

Asked by maham237 @ in History viewed by 329 People

Capitalism values society collectively, while socialism and communism value the market and the individual. Capitalism values the market and the individual, while socialism and communism value society collectively. Capitalism seeks to redistribute wealth, while socialism and communism seek to limit the role of government in economic affairs. Capitalism seeks to limit the role of government in economic affairs, while socialism and communism reject the idea of wealth redistribution.

Answered by maham237 @


1) Capitalism values the market and the individual, while socialism and communism value society collectively.
Capitalism= Country's trade are owned and controlled by private owners for profit rather than the state. Valuing the market and the individual.
Socialism= The means of production, distribution, and exchange should be owned or regulated by the community as a whole. Valuing Society only and completely.
communism= property is publicly owned and each person works and is paid according to their abilities and needs. Valuing community by publicly owned property.

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