Political Science, asked by khanabdullah340078, 11 months ago

What is difference between capitalism and socialism​

Answers

Answered by mumtaz3639
0

Explanation:

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.

Answered by ramyaroshi
3

Explanation:

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.

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