Economy, asked by affanahmed786920, 1 month ago

Explain two features of capitalism and socialism

Answers

Answered by kayamtejaswi2004

1

Explanation:

Capitalism is an economic system that focuses on a free market to determine the most efficient allocation of resources and sets prices based on supply and demand. Socialism is often presented as the opposite of capitalism whereby there is no free market and the allocation of resources is determined by a central body.

Answered by aditi081002

0

Explanation:

Capitalism is an economic system that focuses on a free market to determine the most efficient allocation of resources and sets prices based on supply and demand. Socialism is often presented as the opposite of capitalism whereby there is no free market and the allocation of resources is determined by a central body.

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