A capitalist society is a social order in which

private property rights and the free market

A communist society is characterized serve as the basis of trade, distribution of
by common ownership of the means
goods, and development.
of production with free access to the
Capitalism is often thought of as an
articles of consumption and is
classless and stateless, implying the
economic system in which private actors
end of the exploitation of labour. own and control property in accord with their
interests, and demand and supply freely set
prices in markets in a way that can serve the
best interests of society. ... It is this rational
self-interest that can lead to economic
prosperity.

● In a capitalistic society , I can own and control properties and business.

● In a purely communist society, I as an architect and my firm would own
various factors of production.
● Here , the revenue received by my company can be utilised for public
purposes.
● I can design government buildings such as school, hospitals etc. , and I
would be paid by state or central government.
● The transport services would be arranged by the state.
● My role as an architect would be to design the best possible services for
the state and further look forward for future developments.
● The advantage of being in a communist society as an Architect is, I
would get large scale projects and hence larger revenue for my
company.
Differences Between Communism, Socialism and Capitalism
● Through Capitalism , I can find more efficient ways to produce quality goods.
● I can provide choice or rather freedom for consumers to choose the best and cheapest
products.
● I as an Architect would have more time to deliver a good result
● I can hold onto my firm without any government interference.
● I would be the rightful owner of all the revenue earned by the company, which can be further
distributed to the staff as monthly/ annual wages.
● I can set my own fees/price to design any entity or building depending on demand and
supply.
● This emphasis on efficiency takes priority over equality. An equal distribution of goods and
services among all members of a society is of little concern within a capitalist system.
According to the economic theories that underpin capitalism, inequality is the driving force
that encourages innovation, which results in economic development.
● Capitalism would further encourage my employees to be more innovative and efficient.
The main difference between capitalism
and socialism is that in capitalism, means
of production are owned by private
entities whereas, in socialism, means of
production are owned by the government
or public.

● In a socialistic society, I as an Architect can be considered as

a service provider for the state or the government,
● The revenue earned goes to the government and certain
percentage would remain with us.
● My company shall be provided with all the basic requirements
for any project from the government.
● I as an architect might not think ‘beyond’ as am paid just as
others are being paid.
● There would be lack of innovative thinking and efficiency.

Rushil Jain
4CM19AT057