Question

difference between capitalist and socialist idea​

Answer 1

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Capitalism is a market-driven economy. The state does not intervene in the economy, leaving it up to market forces to shape society and life.

Socialism is characterized by state ownership of businesses and services. Central planning is used to attempt to make society more equitable.

Answer 2

Answer:

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Capitalism is a market-driven economy. The state does not intervene in the economy, leaving it up to market forces to shape society and life.

Socialism is characterized by state ownership of businesses and services. Central planning is used to attempt to make society more equitable.