|
Share Thread: Facebook Twitter Google+ |
|
LinkBack | Thread Tools | Search this Thread |
#1
|
||||
|
||||
Communsm, socialism and capitalism
Hello friends .Can any body in here briefly and simply define these terms to me.Never got what really they are
|
#2
|
||||
|
||||
Difference between capitalism and communism
Dear going to die!
These three are economic systems; capitalism is based on the premise of laissez faire(let alone to do) and free market economy where the means of production are in the hands of private persons, the government's role is restricted to regulation only. communism means an economic system where there are no private entrepreneures, where the state capitalism exists and the principle 'from each according to his ability, to each according to his needs'. Under it, a stateless and classless society is perceived to exists. Socialism is a transitional stage between capitalism and communism where the state start interference in the production sectors and means of productions are being nationalised.
__________________
"Success is not final, failure is not fatal; it is the courage to continue that counts" (Winston Churchill) |
The Following 2 Users Say Thank You to ADIL KHESHGI For This Useful Post: | ||
Amina Gilaani (Wednesday, January 01, 2014), hadeed (Saturday, August 24, 2013) |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Political Science | Sureshlasi | Political Science | 23 | Friday, July 07, 2017 02:58 PM |
Capitalism: A Ghost Story. Arundhati Roy | Call for Change | Dawn | 0 | Tuesday, March 20, 2012 12:54 AM |
What is capitalism | wind | Group II | 0 | Monday, June 01, 2009 01:16 PM |
Capitalism V/s Socialism | MOHIUDDIN | Essays | 8 | Tuesday, June 14, 2005 11:38 AM |