Which describes a similarity between capitalism and communism? question 10 options: both are driven by free enterprise. both participate in global markets. both aim to distribute wealth equally. both employ a government system that is democratic.

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25-10-2022
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Which describes a similarity between capitalism and communism? question 10 options: both are driven by free enterprise. both participate in global markets. both aim to distribute wealth equally. both employ a government system that is democratic.

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tokyo96nimoh tokyo96nimoh · Answer 1 · 2022-11-03T14:21:15+01:00

Similarities between capitalism and communism are that both participate in global markets.

Capitalism is based on a free-market economy. This economy is where the governments play a minimal role in deciding what, how, and when to produce, allowing the market forces to set the price. The law of demand dictates that an increase in demand for a product causes an increase in prices for that product. The higher the supply the levels of prices rush out to the point that only the strongest competitors remain.

communism is a state where things are owned communally even by means of production and individualism does not exist. However, it seeks to create equality wholly. Therefore the government is the one to decide what, which, when, and how to produce goods and services.

The correct one is B) Both participate in global markets

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