Question

Definition of the term Socialism and
Capitalism - meaning only​

Answer 1

Answer:

Explanation:

Functionally, socialism and free-market capitalism can be divided on property rights and control of production. ... In a socialist economy, the government owns and controls the means of production; personal property is sometimes allowed, but only in the form of consumer goods.

Answer 2

Answer:

Functionally, socialism and free-market capitalism can be divided on property rights and control of production. ... In a socialist economy, the government owns and controls the means of production; personal property is sometimes allowed, but only in the form of consumer goods.