Social Sciences, asked by pranathi5, 1 year ago

similarities between ideas on capitalism and socialism

Answers

Answered by rsushma
1
capitalism:
1. private owned factories/industries exist.
2. it give rise to two classes of people- capitalists and workers.
3. individual is given importance .
4. excessive production occurs .
5. rich enjoy the luxuries and comforts.
6. monopolies exist.

socalism:
1. goverment owned factories /industries exist.
2. only one class of people exit i.e, the working class
3. society is given importance
4.production is done according to the needs 
5. all people to enjoy a decent standard of living
6. no monpolies are there.
i hope it would be helpful to u

rsushma: sorry but i have written the differences of socalism and captalists. sorryyyyy
pranathi5: please send similarities
rsushma: i too dont know
pranathi5: thankyou
rsushma: Similarities
1. Both must participate in global markets
rsushma: 2. Both use state/private property 3. Both use incredible amounts of violence to destroy their opposition and enforce their system.
pranathi5: how was the ideas of equality being similar or differently challenged by women and workers movement please answer this question
rsushma: i searched but no where i am getting the answer
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