Economy, asked by fathimajogee3472, 8 months ago

15. Distinguish between capitalist and socialist economy.

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Answered by Anonymous

2

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A capitalist economy relies on free-markets to determine, price, incomes, wealth and distribution of goods. ... A socialist economic system is characterised by greater government intervention to re-allocate resources in a more egalitarian way. There are also different aims of the economic systems.✌️❤️✌️....

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