Capitalism Capitalism A form of economic range characterized by private ownership of the bureau of work and the granting immunity of private owners to use, buy and sell their stead or perish on the market at voluntarily agreed prices and terms, with salvage minimal interference with such transactions by the state or other coercive third parties. Communism 1.Any semipolitical theory based on the communal ownership of alone property and a classless(prenominal) social structure, with economic production and diffusion to be directed and regulated by means of an authoritative economic plan that supposedly embodies the interests of the community as a whole.
Karl Marx is today the most famous early theoretician of communism, that he did not invent the term or the raw material social ideals, which he mostly borrowed and adapted from the less taxonomical theories of earlier French utopian socialists -- grafting these onto a philosophic framework Marx derived from the German philosophers Heg...If you want to get a exuberant essay, order it on our website:
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