History, asked by XRuhaniX, 9 days ago

two difference between capitalist nd socialist

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Answered by khakharoshan4

3

Answer:

Socialism is an economic and political system under which the means of production are publicly owned. Production and consumer prices are controlled by the government to best meet the needs of the people. Capitalism is an economic system under which the means of production are privately owned.

Explanation:

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Answered by karishmakasarlawar51

3

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