Communism vs. Capitalism. Types of Economies. Command Economy : Economic system where production of goods and services is controlled by the government . Market Economy : Economic system where goods and services is determined by the demand from consumers. Cold War Terms.
Communism vs. Capitalism
a political system which the government controlsproduction of all food and goods. No privately owned property
government by the people
an economic and political system in which businesses belong mostly to privateowners, not to the government
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