Economy, asked by anndyy, 7 months ago

What is the difference from capitalist and capitalist societies in terms of socio-economics, environment, and culture. give example

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Answered by kannmeghna

Answer:

Capitalism and socialism are so different that they're often seen as diametrically opposed. 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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