40 communism and socialism venn diagram
Communism Vs. Socialism . In both communism and socialism , the people own the factors of economic production. The main difference is that under communism , most property and economic resources are owned and controlled by the state (rather than individual citizens); under socialism , all citizens share equally in economic resources as allocated by a democratically-elected government. Start studying Socialism and Communism Venn Diagram . Learn vocabulary, terms, and more with flashcards, games, and other study tools. Answer (1 of 3): Mercantilism is an economic model starting in the early 1500s in which the strength of a national economy is measured by the amount of precious metals such as gold and silver is stored in its treasury, rather than by its productivity. Mercantilism heavily discourages trade and co... Communism and socialism venn diagram