History, asked by PihuPari, 6 months ago

distinguish between socialism and capitalism.
History ch 2 class 9​

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Answered by Anonymous
33

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Capitalism and socialism are so different that they're often seen as diametrically opposed. 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 shahharvi28
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