What are the characteristics of capitalism and communism?

Answer and Explanation:

Capitalism:

based on individual rightseconomic system where trade and industry is owned privately by individuals to make moneypromotes differences within individuals based on their "class"countries with Capitalism usually have a Democracyindividuals can freely choose their jobprofit/wages depend on an individual's willingness to put in work/effortExample: USA, Canada

Communism:

based on community rightseconomic system where trade and industry is controlled by the entire community, money is shared based on an individual's abilities/needspromotes egalitarianism countries with Communism usually support Totalitarianismthe state determines an individual's job/employmentstates provides all resources; businesses are owned by the stateExample: (formerly) Soviet Union and (formerly) China during the Cultural Revolution

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 ~ ren