... proportionate to the accumulation and reinvestment of profits gained in a free market. Communism is a system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people ... to become come up with new ideas as it might benefit them and the rest of the population. America has greatly benefited from having a capitalist government form. Because of our free economy competition serves by decreasing the prices of products but also in...

• Word Count: 1263
• Approx Pages: 5
• Grade Level: High School