mention any 2 differencess between Capitalism and socialism
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Differences Between Capitalism and Socialism. ...
Capitalism encourages innovation and individual goals while Socialism promotes equality and fairness among society. In the socialist economy, the resources are state-owned but in the case of the capitalist economy, the means of production are privately owned
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Answer:Capitalism
1-Capitalism encourages innovation and individual goals .
2-the capitalist economy, the means of production are privately owned.
Socialism
1-Socialism promotes equality and fairness among society.
2-In the socialist economy, the resources are state-owned
Explanation:
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