Question

Difference between socialism communism and capitalism

Answer 1

Answer:

Socialism, like communism, calls for putting the major means of production in the hands of the people, either directly or through the government. ... There is no purely capitalist or communist economy in the world today. The capitalist United States has a Social Security system and a government-owned postal service.

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Answer 2

Explanation:

The main idea of socialism is the welfare of people.

communism encourages the idea of democracy and dignity of labour and reduce discrimination

capitalism creates differences and conflicts in the society..