What two economic systems were in conflict during the cold war?

During the Cold War, the two dominant economic systems in conflict were capitalism and communism. Capitalism, primarily represented by the United States and its allies, emphasized private ownership, free markets, and individual entrepreneurship. In contrast, communism, led by the Soviet Union and its satellite states, advocated for collective ownership of resources and central planning. This ideological battle influenced global politics, economics, and military strategies throughout the Cold War era.