What Are the Similarities and Differences between Capitalism Communism and Socialism?

Answer

There are many differences between socialism, capitalism, and communism. The main difference between the three are the facts within the opposition to injustice-premised economics. There are very few similarities between the three, outside of each group being of government control in one way or another.
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The term "socialism" properly refers to any economic
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Just to give a. very short. answer: Capitalism is a free market economy and is found in forms of government that range from a Republic (The United States) to Communism (China - though
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The difference between socialism and communism is that, socialism is an economic system where the government controls the distribution and production of products rather than private
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Basically the difference is in who owns the means of production. The 'means of production' refers to things like factories, farms, office buildings, et cetera; the things you use
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According to Karl Marx, Capitalism is a system where a small group of people own large amount of resources, putting all the economy in the hands of wealthy people ...
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