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Not Pure Communism

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Not Pure Capitalism, Nor Pure Communism
No pure capitalist society has ever existed and many pure communist societies have failed. Capitalism allows for no government assistance and communism allows for very little freedom in the economy. Pure capitalism is not the best form of economic system, but neither is pure communism. Ideas from both of these systems can be combined to form a mixed economy and better benefit the people of a society.
According to Merriam Webster, capitalism is defined as, “an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.” There are three main characteristics of capitalism; private ownership, free competition, and supply and demand. In a pure capitalist system most factories and businesses are owned by individuals, and not the government, and the owners get to make production decisions. A capitalist society should have free competition, where all businesses can compete equally without government interference. Supply, or how much there is of a product, and demand, how much consumers want of the product, set the prices in a capitalist system.
Karl Marx was a philosopher who brought attention to the idea of the idea of communism. He saw that the capitalist societies had a large gap between the rich and the poor, he also believed that this system

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