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Compare And Contrast Socialism And Communism

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Compare and contrast Communism and socialism are economic and political structures. They both have opposite classes and minimum limits such as socialism: less government interference. Communist: higher government control. The differences start between the division of labor or factors of production and the mechanism that determine prices.
Market economy has a common associated titled named capitalism. Owners of their resources have the rights to produce and trade. There is limited government involvement, which is good because if there was no Gov. there would be no taxes on economic activities or government regulation of economic activities at all. Supply and demand are what make the prices go up. Some advantages are: markets give producers

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