What are the differences between a communist and a capitalist government

Under a communist system, the means of production are owned collectively by the people engaged in labor.Capitalism is organized around the free market while communism is organized around a centrally planned economy.The goal of communism is to have a classless society, where everyone is equal.Here is the contrast that exists between these three systems i.e.In capitalism, fierce competition exists between the firms whereas in communism, as the market is controlled by the state, the competition is quite low.

Capitalism or a market economy is an economic system where the means of production are all owned and controlled by individual producers and consumers.Ideally, there is no government intervention in the economy.No actual countries are realistically either a textbook example of capitalism or communism.7 what is the main difference between capitalism and communism brainly?2 how are capitalism and communism the same?;

Government owns/regulates all aspects of the economy.While capitalism is a self regulated economic system, communism is a government run economy.In sharp contrast, capitalism rests on the inalienably holy idea of private property.9 what are advantages and disadvantages of.The main difference is that under communism, most property and economic resources are owned and controlled by the state (rather than individual citizens);

The profit earned in capitalism is of the owners of the company whereas the profit earned in.