Saturday, August 11, 2018

Stagese between Capitalism and communism

1. Capitalism
2.     1.  Free-market system
An economic system based on the private ownership of the means of production and distribution of goods, characterized by a free competitive market and motivation by profit

2. Socialism

1.      1. Political system of communal ownership
A political theory or system in which the means of production and distribution are controlled by the people and operated according to equity and fairness rather than market principles

2.      2. Movement based on Socialism
A political movement based on principles of socialism, typically advocating an end to private property and to the exploitation of workers

3.      3. Stage between Capitalism and communism
In Marxist theory, the stage after the proletarian revolution when a society is changing from capitalism to communism, marked by pay distributed according to work done rather than need

3. Communism
1.      Marxist-Leninist system
The Marxist-Leninist version of a classless society in which capitalism is overthrown by a working-class revolution that gives ownership and control of wealth and property to the state
2.      One-party state
Any system of government in which a single, usually totalitarian, party holds power, and the state controls the economy
3.      Classless Political system
The political theory or system in which all property and wealth is owned in a classless society by all the members of that society

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