Political Science, asked by shubhammalhotra80668, 9 months ago

Differentiate between capitalist and socialist models of development ​

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Answered by 240guriya
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Answer:

a capitalist Economy relies on Free-markets to determine, Price, incomes, wealth and Distribution of Goods.

A Socialist Economic system is characterised by greater government intervention to re - allocate resources in a more egalitarian way.

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