Math, asked by rutejaswini, 8 months ago

how do you differentiate between capitalist and socialist economy

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Answered by khairnarsanskriti

Hope this helps you mate

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Answered by shx

Answer:

Step-by-step explanation:

capitalism and socialism are so different that they often seen as diametrically opposed

capitalism is based on individual initiative and favors market mechanisms over government intervention which socialism is based on government planning and limitations on private control of resources

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