Capitalism vs Communism

My Comment: Mixed economy fine as it's in India or whatever works well for the nation. 

Capitalism

An economic system based on private ownership of the means of production, such as factories, farms, and raw materials. In a capitalist system, individuals work for themselves to gain wealth, and market forces determine production and pricing decisions. Capitalism can help drive innovation and prosperity, but it can also lead to inequalities and market failures.

Communism

A political and economic system that aims to establish a communist society based on common ownership of the means of production. In a communist system, the government controls trade and industry, and all property is owned collectively. Communists believe that private property leads to economic inequality and exploitation, and that collective ownership will eliminate these problems. Communist regimes tend to prioritize consumer goods and food production over the military.