Economy, asked by hephzijustin, 16 hours ago

What are the difference of centrally planned (socialist) and market economy (capitalist)?​

Answers

Answered by dallaanshul1739
1

Answer:

Capitalism is based on individual initiative and favors market mechanisms over government intervention, while socialism is based on government planning and limitations on private control of resources.

Previous Question
Next Question
Similar questions
Physics, 8 hours ago
A car is travelling with a speed of 10m/s. Breaks are applied and the car retards at the rate of 0.5 m/s². In how much time the car will come to rest​...
Math, 8 hours ago
repeated subration of 180​...
Math, 8 hours ago
The cost of 4 cupcakes is Rs 765 at the loss of 15% .Find the cost of dozen cupcakes?​
Hindi, 16 hours ago
कम खाया पिया करो बहुत _ (बल) होते जा रहे हो upsarg lagaye​...
Math, 16 hours ago
6.547 * 10 ^ - 4 in usual form is ___​...
Math, 7 months ago
A kite flew to a height of 50 ft. It rises at the rate of 2 ft per minute. How high will it be after 10 minutes?
Math, 7 months ago
c) Frame an equation:- 6 times a number added to 58​...
Math, 7 months ago
Which of the following is greater in 3/-5 and -7/8 *...