Sociology, asked by Anonymous, 6 months ago

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

Answers

Answered by ammukavitha620
0

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
1

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.

hope this helps you

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