Social Sciences, asked by rohitttty4313, 11 months ago

Description between socialism and capitalism

Answers

Answered by darrelolivero

Answer:

socialism is an economic and political system under which the means of production are publicly owned. Production and consumer prices are controlled by the government to best meet the needs of the people. Capitalism is an economic system under which the means of production are privately owned.

Explanation:

Previous Question

Next Question

Similar questions

Science, 5 months ago

define magnetic field of bar magnet...

English, 5 months ago

रोल ऑफ मंकी इन इंडियन कल्चर इन इंग्लिश ...

Social Sciences, 5 months ago

Fill in the blanks :- (6x1=6) 1. The ______ is an example of Islamic architecture in Hyderabad. 2. ______ city is reason for the Tripartite Struggle. 3. Hot liquid matter beneath the Earth’s surface is called _________ 4. ________ is father of our Indian Constitution. 5. ________ is father of Economics.

Physics, 11 months ago

Which is the odd one out in Screw driver, sewing machine, bicycle,mixer grinder...