History, asked by anianish557, 11 months ago

Name any two KEY proponents of CAPITALISM AND SOCIALISM

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Answered by prajwalkgowda

0

Answer:

Capitalism is a market-driven economy. The state does not intervene in the economy, leaving it up to market forces to shape society and life.

Socialism is characterized by state ownership of businesses and services. Central planning is used to attempt to make society more equitable.

Most countries are mixed economies, falling in between the extremes of capitalism and socialism.

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