Comparing Communism And Socialism

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Communism, socialism, and capitalism are three economic ideologies that all have different ideas on how an economy should function. Communism and socialism are centered around equality and people. Capitalism is a completely separate idea from communism and socialism. In capitalism, people and companies make most of the decisions and actions. There really is no better idea. It all depends on the person and how you use it. There are big differences but there are also things that connect them together.
Capitalism is an economic system characterized by private property and freely functioning markets without central planning (“Capitalism.”). Capitalism is based around the idea of a free market. In a fully capitalist country there would be no public