Sociology, asked by Anonymous, 7 months ago

difference between socialistic and capitalistic economy ....??

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Answered by ammukavitha620

Answer:

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.

Answered by veenasmishra

hope this helps you

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difference between socialistic and capitalistic economy ....?? ​

Answers

difference between socialistic and capitalistic economy ....??