Question

Name any one socialist economy of the Asia
(11) Name any two capitalist countries of the world​

Answer 1

Answer:

1. CHINA

2. AMERICA, ENGLAND

Answer 2

Socialism is an economic and political system based on public ownership of the means of production. All legal production and distribution decisions are made by the government in a socialist system. Examples of socialist countries include the Soviet Union, Cuba, China, and Venezuela.

Name any two capitalist countries of the world=

singapur and Switzerland