History, asked by pricymg, 1 year ago

Differentiate socialist and capitalist system?

Answers

Answered by Zisha7

Answer:

Socialism is an economic and political system in which the government controls all means of production. Capitalism is an economic and political system in which property, business, and industry are owned by private individuals and not by the state.

Answered by raghulnni

Socialist is regarding the society

Capitalist is regarding money

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