Communism. Capitalism. An economic and social system in which capital and land, the non-labor factors of production are privately owned; labor, goods and resources are traded in markets; and profit, after taxes, is distributed to the owners or invested in technologies and industries. - PowerPoint PPT Presentation
Communism A classless, stateless and oppression-free society where decisions on what to produce and what policies to pursue are made democratically, allowing every member of society to participate in the decision-making process in both the political and economic spheres of life. Capitalism An economic and social system in which capital and land, the non-labor factors of production are privately owned; labor, goods and resources are traded in markets; and profit, after taxes, is distributed to the owners or invested in technologies and industries. $
Transcript
Communism
A classless, stateless and oppression-free society where decisions on what to produce and what policies to pursue are made democratically, allowing every member of society to participate in the decision-making process in both the political and economic spheres of life.
Capitalism
An economic and social system in which capital and land, the non-labor factors of production are privately owned; labor, goods and resources are traded in markets; and profit, after taxes, is distributed to the owners or invested in technologies and industries.
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BelgiumDenmark
FranceGreat Britain
ItalyLuxembourg
the Netherlands
North Atlantic Treaty Organization
U.S. Canada Iceland
NorwayPortugal
the Iron Curtain satellites
a.k.a. the Warsaw PactAlbaniaBulgaria
CzechoslovakiaEast Germany
HungaryPoland
Rumania
Yugoslavia
CONTAINMENTkeeping Communism where it is
TRUMAN DOCTRINEU.S. aid if fighting oppressionof Communism in your country
