Question

State three differences between capatilist and socialist idea on private property

Answer 1

Dear student..
1.Socialists vehemently opposed private holding of land and resources and the capitalists favoured private holding of property.

2.Socialists were of the opinion that private property is the source of all evil. On the other hand, capitalists held most of the private property.

3.Socialists felt that the condition of workers in agricultural and industrial sectors could not improve as long as resources are held privately. But, the capitalists saw owning industries and large farmlands as the only way to progress.

4.Socialists advocated that all industries and land should be state-owned. The capitalists did not agree with this as it means that their industries and land would be confiscated by the government. Hope this helps! Cheers!