Question

compare and contrast between socialism and capitalism​

Answer 1

Capitalism encourages the innovation and individual goals while Socialism promotes equality and fairness among in the society.

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Answer 2

Key Differences Between Capitalism and Socialism. ... Capitalism encourages innovation and individual goals while Socialism promotes equality and fairness among society. In the socialist economy, the resources are state-owned but in the case of the capitalist economy, the means of production are privately owned.

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