economics

differences between capital economy and communist economies

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asked by daisy
  1. The main difference is that in a capitalistic economy, most businesses and services are owned by individuals and private corporations. In a communist economy, most are owned and managed by the government. Check these sites for more information.

    http://en.wikipedia.org/wiki/Capitalism

    http://www.canadianeconomy.gc.ca/english/economy/capitalism_socialism.html

    http://www.thefreedictionary.com/communist+economy

    http://www.auburn.edu/~johnspm/gloss/communism

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