In the space below, compare and contrast socialism, communism, and capitalism. You may use a graphic organizer, such as a T-Chart, or a paragraph format. Cite each source. At the bottom of your page, provide one or two sentences to explain how two of your sources is reputable. Also, include the full citation for those two sources.

Question

English

Monique May

4 February, 03:10

In the space below, compare and contrast socialism, communism, and capitalism. You may use a graphic organizer, such as a T-Chart, or a paragraph format. Cite each source. At the bottom of your page, provide one or two sentences to explain how two of your sources is reputable. Also, include the full citation for those two sources.

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Natasha Mayer · Answer 1

Socialism: a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

Communism: a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

capitalism: an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state