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Comparing Three Practices Of Socialism And Communism

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Comparing Three Practices Of Socialism And Communism
Capitalism is an economic system in which the factors are privately owned and money can be invested in businesses to make a profit. Socialism is the factor of production is owned by the public and operate for the welfare of all. Lastly, communism is a form of socialism. Communism allows people to own land, mines, railroads, businesses, and factories. All three practices are trying to better their citizens. These three practices compare and contrast in many ways. The ideologies socialism and communism are similar because each one is systems of production for use based on public owning a section of a business. Socialism sprouts straight from capitalism; therefore leaving some beliefs from former capitalism alike. Each practice wanted to sew
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