Capitalism is an economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market. Communism is a system of social organization in which all economic and social activity is controlled by a totalitarian state dominated by a single and self-perpetuating political party.
Capitalism is a better economic decision because, capitalism allows people to privately own property, has the right to gain wealth and compete in a market. This promotes a growing economy where competing industries produce higher-quality products. Capitalism allows persons to make money based on the importance of their position in society. Capitalism persuades people to add to the economy, therefore gaining wealth for them and supporting wealth for others.
Communism is a negative economic decision because, there is typically a lack of supply for anything you want to buy, the government has practically unrestricted power, and in most cases countries that has communism don’t have strong economies.
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