Economy, asked by riza3358, 1 year ago

Difference between capitalist anf socialist

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Answered by shubhamKumarsingham
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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Answered by Anonymous
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