communist vs capitalist
There are many differences between capitalist and communist economies. In a capitalist economy, individuals own the factors of production and also answer the three basic economic questions. The involvement of the government in a capitalist economy is limited. ... However, in a communist economy, the government controls almost all the factors of production. Some countries that practice a communist economy use long term plans that outline how their resources will be used. ... The only thing that I can think of that the capitalist and communist economies have in common is that they are both considered mixed economies.