What three factors primarily differentiate Communism from Capitalism?

Communism and capitalism represent two distinct economic and political systems that fundamentally differ in their principles and practices. The correct answer highlights elections, industry, and individual rights as key factors that separate these ideologies.

In a capitalist system, the economy is characterized by private ownership and individual entrepreneurship. The market operates on supply and demand, allowing individuals the freedom to start businesses and make profit-driven decisions. This system inherently promotes individual rights, where personal freedoms and choices are central to economic activity. Elections in capitalist countries typically reflect this emphasis on individualism, as political power is often determined by competition and majority rule.

In contrast, communism advocates for collective ownership and the dismantling of class structures. In a communist system, industry is often state-controlled or operated by cooperatives, and the means of production are owned collectively for the benefit of all, rather than for individual profit. Political power in communism may not be determined by free and fair elections; instead, it often involves a single-party state that emphasizes a unified vision for society, which can limit individual rights in favor of collective goals.

The focus on elections reflects the democratic nature predominant in capitalist societies, while industry illustrates the approach to economic organization, and individual rights highlight the personal liberties that capitalism often aims to protect