Life Under Capitalism Vs Life Under Communism Venn Diagram

Capitalism emerged during the demise of feudalism in the 14th century and is based on the principle of economic individualism or the right to own private property and exercise autonomy in making.

Life under capitalism vs life under communism venn diagram. Capitalism socialism and communism venn diagram directions. Credit and capital are centralized under the control of the state. The political landscape is also very different in a democracy vs. You can edit this venn diagram using creately diagramming tool and include in your report presentation website.

Hope this article has illuminated you about the basic points of difference in the communism vs capitalism ideologies. So in 1919 mussolini came up with an alternative strategy. As under communism the state would exercise dictatorial control over the economy. Mussolini described his new movement as a third way between capitalism and communism.

But as under capitalism the corporations would be left in private hands. On the other hand a democracy respects individuals right to own property and means of production. The term capitalism was invented by communists to describe the system that existed and exists. Difference between socialism and communism.

On a high level we can say right wing politics is tied with capitalism while left wing politics is associated with socialism communism and other similar philosophies. On the other hand karl marx a famous philosopher and sociologist from germany initiated the idea of communism in his book the communist manifesto as a response to capitalism these two political theories are in opposition to each other as in the former promotes private ownership the latter stands against it. Capitalism and marxism are competing social economic and political theories that have dominated the organization of society since the 19th century. He called it fascism.

Place the number of the statement in the location in the venn diagram comparing capitalism socialism and communism. In the economic sphere communism calls for the government to take control of all the capital and industry in the country in an effort to get rid of economic inequality. In this article we discussed two major political ideologies political ideology affects economic approach for society.