difference between socialistic and capitalistic economy ....??
Answers
Answered by
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
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
Similar questions
Political Science,
3 months ago
Social Sciences,
3 months ago
English,
3 months ago
Math,
6 months ago
Geography,
6 months ago
Business Studies,
10 months ago
English,
10 months ago
Biology,
10 months ago