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Politics is about making agreements between people so that they can live together in groups such as tribes, cities, or countries.In large groups, such as countries, some people may spend a lot of their time making such agreements. Communism was a theory developed by Karl Marx, who felt that capitalism was limited and created a big divide between rich and poor. Politics is the way that people living in groups make decisions. Communism: Individuals often confuse communism with socialism, but there is a distinct difference between these two theories.Put simply, the idea behind capitalism is that private individuals and other actors are driven by their own interests-they control production and distribution, set prices, and create supply and demand. Paragraph (a) of section 100.5 follows the statutory definition of political committee by providing that any committee, club, association, or other group of persons that receives contributions aggregating in excess of 1000 during a calendar year is a political committee, except as set out in 11 CFR 100.5 (b), (c), and (d). When I was in 12th grade, I asked my dad if I could skip school with the other kids on Senior Skip Day. Rather than organizing solely around belief systems, programmatic manifestos, or party affiliation, identity political formations typically aim to. Having a set of personal values will make you a better man, and our experiences usually help us define them. Capitalism: This theory advocates profit as a motive for advancement. The laden phrase identity politics has come to signify a wide range of political activity and theorizing founded in the shared experiences of injustice of members of certain social groups.Socialism aims to bridge the gap between rich and power, where one or more individuals don't have the majority of power and wealth. The rationale behind this is that whatever is produced by society is done so because of those who participate, regardless of status, wealth, or position. Socialism: This type of political economy promotes the idea that the production and distribution of goods and wealth are maintained and regulated by society, rather than a particular group of people.