Economy, asked by swetapihu7, 1 year ago

Differentiate between Capitalism, Socialism and Communism.

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Answered by SonnyGangte
3
an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.Communism and socialism are economic and political structures that promote equality and seek to eliminate social classes. ... In a communist society, the working class owns everything, and everyone works toward the same communal goal.
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