Social Sciences, asked by gaurav5815, 5 months ago

difference between Socialism and capatalism

Answers

Answered by jyoti30343

Explanation:

Capitalism is based on individual initiative and favors market mechanisms over government intervention, while socialism is based on government planning and limitations on private control of resources.

Previous Question

Next Question

Similar questions

Physics, 2 months ago

What is the relation between the pressure and the kinetic energy per unit volume of a gas?

Environmental Sciences, 2 months ago

Why is the sky blue? Why does the moon appear in the daytime? How much does the sky weigh? How much does the Earth weigh? How do airplanes stay in the air? Why is water wet? What makes a rainbow? Why don't birds get electrocuted when they land on an electric wire? Do aliens exist? Where do birds go in the winter? Why is the ocean blue? If you answer these questions you are brilliant...

Hindi, 2 months ago

karak kya hai with example...

English, 5 months ago

who was suffering from starvation and famine ant or cricket (honeydew)8th class 1 poem ...

Math, 5 months ago

If (2 ^3x - 1 + 10) ÷ 7 = 6, then x is equal to...

Math, 10 months ago

evaluate the following by using identity - 1 (8.1)² ...

Math, 10 months ago

A person borrowed 7500 at 16% per annum compound interest. What is the amount of compound interest he has to pay at the end of 2 years to clear the loan?

Biology, 10 months ago

mention any 2 functions of proteins ?.........! Pls answer according to class 11 ncert syllabus...

difference between Socialism and capatalism​

Answers

difference between Socialism and capatalism