Question

5 differences between socialism and capitalism​

Answer 1

Answer(capitalism) :(socialism)

assets owned by : assets owned by

the government private farms. : redistribution of

Income income.

determined :

by market forces. :

Limited taxes high progressive

Taxes.

Prices determined : prices controls.

by market and

demand.

dynamic economy : promotion of

incentives for equality,

innovation & attempt to

economic overcome

growth . market failure.