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Well, darling, in a communist system, the government owns and controls the means of production, distribution, and exchange. Meanwhile, in a free enterprise system, individuals and businesses are free to own and operate their own businesses with minimal government intervention. So, in short, one's all about sharing the wealth, while the other is more like a capitalist free-for-all.
Communism has no classes and no money, hence no economics. So-called free enterprise has a tiny number of people who own the means of production and exploit the rest of the population.
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How is a communist economic system different from a enterprise system?
A communist economic system is related to a whole country, while an enterprise system is restricted to that enterprise and it isn't a communist system because all employees can drive their own lives.
What type of an economic system is Venezuela?
Venezuela has a more communist than capital economy.
Is the free enterprise system is an economic system not a political system?
True
What is a private enterprise system enterprise system?
THE PRIVATE ENTERPRISE SYSTEM an economic system that rewards firms for their ability to identify and serve the needs and demands of customers. Another name of it is Capitalism.
The circular flow model of pure capitalism shows how a economic system answers the basic economic questions?
Free Enterprise A+
How is a communist economic system different from a enterprise system?
A communist economic system is related to a whole country, while an enterprise system is restricted to that enterprise and it isn't a communist system because all employees can drive their own lives.
Does Mexico have a free enterprise socialist or communist?
It has a free enterprise or "capitalistic" economic system.
What type of an economic system is Venezuela?
Venezuela has a more communist than capital economy.
The free enterprise system is an economic system not a political system?
true
Is the free enterprise system is an economic system not a political system?
True
What is a private enterprise system enterprise system?
THE PRIVATE ENTERPRISE SYSTEM an economic system that rewards firms for their ability to identify and serve the needs and demands of customers. Another name of it is Capitalism.
The circular flow model of pure capitalism shows how a economic system answers the basic economic questions?
Free Enterprise A+
What type of economic system does Belgium have?
They have a Private Enterprise
2 In a free-enterprise economic system unlike a command system economic decisions are made primarily by?
Consumers.
What is a pure capitalistic system?
A capitalistic system is an economic system known as a free enterprise system.
What is pure capitalistic system?
A capitalistic system is an economic system known as a free enterprise system.
Economic system used to make money?
The biggest economic system used to make money is capitalism. Which is a system of free enterprise.
