Capitalism is an economic system in which the trade and industry of the economy is owned and controlled by private individuals, to make profit. Communism refers to social system in which country's trade and industry are controlled by the community and the share of each individual relies on his ability and needs.
the social system which existed in the Middle Ages in Europe, in which people worked and fought for a person who owned land and received land and protection from him in return.
Communism :
Communism is a philosophy based on the equitable distribution of wealth among a nation's citizens and common ownership of all property. In particular, it called for the control of the means of production, such as manufacturing and agriculture, by the working class, or proletariat.
Difference between feudalism and communism:
Feudalism is characterized by the principle of exchange where kings granted land rights to nobles in exchange for military service and nobles granted protection to peasants in exchange for a portion of the agricultural produce.
Communism exhibits common ownership, central planning, no competition, classless society, etc
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Explanation:
Capitalism is an economic system in which the trade and industry of the economy is owned and controlled by private individuals, to make profit. Communism refers to social system in which country's trade and industry are controlled by the community and the share of each individual relies on his ability and needs.
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Feudalism :
the social system which existed in the Middle Ages in Europe, in which people worked and fought for a person who owned land and received land and protection from him in return.
Communism :
Communism is a philosophy based on the equitable distribution of wealth among a nation's citizens and common ownership of all property. In particular, it called for the control of the means of production, such as manufacturing and agriculture, by the working class, or proletariat.
Difference between feudalism and communism :
Feudalism is characterized by the principle of exchange where kings granted land rights to nobles in exchange for military service and nobles granted protection to peasants in exchange for a portion of the agricultural produce.
Communism exhibits common ownership, central planning, no competition, classless society, etc