Basis for Comparison Capitalism Marxism.

Meaning and definition An economic system An economic, political,

whereby private and social concept that
individuals own and critically checks the
control means of impact of capitalism on
production. labor, productivity, and
economic development.
Natural outgrowing of the
Economic structure Free enterprise economy
free-market economy
The transition from private
Sector Private sector
to public sector.
Divides society into rich The gradual elimination of
Classes
and poor. class distinctions.
Growth Individual growth Societal growth
Economic growth of the The economic growth of
Economic growth
state is absent. the state is present.
To the business owner To both society and the
Benefits of capital
alone. public
More priority on societal
individual freedom is
Priority to societal needs benefits than individual
prioritized above society.
interests.
Private ownership and Government ownership
Ownership structure
control and control
The gradual elimination of
Individual freedom Present
individual freedom
Organized practice
Religion Permitted
abolished
Comparison of Two Economic Theories (Marxism and Capitalism)

References:
Murdock, Kayla (2009). Capitalism vs. Marxism. GRIN Verlag
https://www.grin.com/document/150605

https://www.investopedia.com/terms/m/marxism.asp

Submitted by:

JENO G. GONO
Masterand

Submitted to:

DR. VICENTE S. BETARMOS JR.

Economics Professor