What is capitalism? What is communism? Which one is better? Why?

Capitalism is an economic system where private individuals or businesses own the means of production and operate for profit.

Communism is an economic system where the means of production are owned and managed collectively by the community.

Capitalism encourages competition and innovation, allowing individuals to pursue their own economic interests.

Communism prioritizes collective economic interests and allocates resources based on need.

Capitalism promotes free-market competition and allows for private ownership of property.

Communism eliminates classes and private ownership of property and seeks to create a classless society.

Capitalism has been associated with higher levels of economic growth and efficiency.

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