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4 answers

do some research for yourself

2006-09-04 10:11:07 · answer #1 · answered by Anonymous · 0 2

You're mixing economic and political forms together. But limiting just to economic forms, here's an analogy to explain.

You are a farmer, and you grow strawberries (luxury goods) and wheat (necessity) for the community.

Capitalism: You own the fields. You do the work. You charge whatever you want for your crops. You might get taxed.

Socialism: You own the strawberry patches, and the community owns the wheat fields. You do the work, and get paid for it. You get to keep or sell the strawberries. The community gets the wheat, and you get a share.

Communism: The community owns the fields. You do the work and you don't get paid for it. The community gets all the crops, and you get a share.

The only thing that makes Democratic Socialism different from any other form of socialism is the the decision-making power is held by the community, rather than being held by a dictator or some other group that makes the decisions without democratic input.

2006-09-04 10:08:29 · answer #2 · answered by coragryph 7 · 1 0

The OP is not mixing economic and political terms; her teacher is. Shame on the teacher! This is way too loaded a question to handle. If the question was limited to comparing and contrasting socialism and communism, it would be easier and a much more valid question.

I suggest to look through your textbook for the one main characteristic of each of the above, and then explain in your own words what makes them similar and what makes them different. In my opinion, capitalism should be left out all together, as this is an economic term, not a political one.

2006-09-04 10:18:01 · answer #3 · answered by freedomnow1950 5 · 0 0

i agree with above. democracy is a political philosophy and communism, capitalism, and socialism are economic ones. capitalism and communism are polar opposites. capit: privatization of businesses and a free market with prices determined by supply and demand (in theory). communism: a system in which everything is owned by the collective and nobody has anything more than anybody else (in theory). socialism is typically a mix of both. businesses are privatized, but the govt may control or have a hand in some or all of them. there are typically high taxes and consequently many govt services.

read Karl Marx and Adam Smith, the two proponents of communism and capitalism respectively.

2006-09-04 10:15:18 · answer #4 · answered by chas_see 3 · 0 0

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