What is the difference between communists and capitalists

Communism and Capitalism are both economic systems, with followers of Communism known as communists and followers of Capitalism known as capitalists.

Put simply, they are polar opposites. Communists want to nationalise all industry, with the economy operating under a system of common ownership which they believe leads to a classless society. In contrast, capitalists believe that it is the private ownership of industry that is most beneficial to society, as this encourages individuals to work hard so they can gain the maximum reward. In so doing, they would see the class system not as an evil - as communists do - but as an incentive for individuals to better themselves.

JO
Answered by James O. History tutor

5143 Views

See similar History A Level tutors

Related History A Level answers

All answers ▸

‘The most important reason why Adenauer was able to remain in power for so long was the economic miracle.’ How far do you agree?


"Henry VIII's intentions surrounding the Dissolution of the Monasteries were primarily religious." Assess the validity of this claim.


'Despite the break with Rome, Henry VIII never seriously abandoned the Catholic Faith in the years 1529-47.' Explain why you agree/disagree with this view (25marks)


What do I need to include in order to answer an A level AQA Extract Question?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2025 by IXL Learning