Question

difference between capitalism and socialism?

Answer 1

Answer:

Explanation:

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The main difference between capitalism and socialism is the extent of government intervention in the economy. A capitalist economic system is characterised by private ownership of assets and business. A capitalist economy relies on free-markets to determine, price, incomes, wealth and distribution of goods

Answer 2

Answer:

Explanation:

. ✔✔In a capitalistic society, individuals and businesses aim to earn a profit with the production of their investment and labor in a free market operating largely by supply and demand

✔✔. Socialism is when the government owns and/or controls productive enterprises.