Comparing Communism In Great Britain And Canada

Capitalism and Communism are both types of economy that different countries from all over the word have for different kinds of economy types. Capitalism is where the government has no control over what people buy and sell, but if something goes wrong then the government can step in and save the day! Communism is when the government has complete control over what people buy and how they sell goods. Throughout the modern day, our economy has been struggling with many different kinds of economic structures. Some similarities and differences of economic structures are who controls it, how much control the government has, and how people are paid. Capitalism and Communism are very different and very similar in many ways. Such as the government, the government is in both of the options. In capitalism, the government has an invisible hand in what happens and in that sense, meaning that the government can step in if they need. On

Such as who controls them, for capitalism the people have the control, some examples of countries like this are Great Britain and Canada, and the government is there only for moral support. The communists are controlled by the government who is having a regime over the people, some countries that are communist are North Korea and Cuba. The amount of control that the government has in both economies are very different as well. In capitalism, the government does not have any control, the most important thing that the government does is keep watch over everything so things do not go out of control. In communism, the government has complete power and it is more like a dictatorship. People are paid in mostly the same way, they are paid to how what people need. Both of these types of economy are different in a few more ways, such as the fact of how things are owned, rather than in capitalism where things are privately owned, in communism things are own