Question

Highlight any one major distinction
between the Soviet Economy and
the Capitalist economy.​

Answer 1

Answer:

one major distinction

between the Soviet Economy and

the Capitalist economy....

Answer 2

• Soviet Economy:- It was a planned economy controlled by the state and was based on the principles of equality. Capitalist Economy:- Based on private ownership and the operation is for profit. Land and productive assets are owned and controlled by the capitalist.

• In the capitalist economy, private ownership is dominant. Land and productive assets are owned and controlled by the capitalist.