Why are communism and capitalism diametrically opposed?

A. Communism relies on bartering, whereas capitalism relies on the exchange of money for goods and services in the free market.

B. One of the goals of communism is to eliminate social classes, whereas capitalism leads to significant differences in social classes as well as wealth inequality.

C. Under communism, goods are produced based on want, whereas goods are produced based on need under capitalism.

D. One of the goals of communism is free trade among all its citizens, whereas governments in capitalist economies prevent free trade.

Question

07-08-2024
Social Studies

Answered

Why are communism and capitalism diametrically opposed?

A. Communism relies on bartering, whereas capitalism relies on the exchange of money for goods and services in the free market.

B. One of the goals of communism is to eliminate social classes, whereas capitalism leads to significant differences in social classes as well as wealth inequality.

C. Under communism, goods are produced based on want, whereas goods are produced based on need under capitalism.

D. One of the goals of communism is free trade among all its citizens, whereas governments in capitalist economies prevent free trade.

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-08-07T18:42:04-04:00

Final answer:

Communism and capitalism differ in economic ideologies: communism aims for equality through government control, while capitalism prioritizes individual ownership and the free market.

Explanation:

Communism and capitalism are diametrically opposed due to their fundamental differences in economic principles. Communism focuses on the common ownership of property and resources, aiming to eliminate social classes and promote equality through government control. On the other hand, capitalism thrives on individual ownership, free market exchanges, and the pursuit of profit, leading to wealth disparities and a focus on personal freedoms over government intervention.

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