Economy, asked by sbnewsome24, 8 months ago

what the main differences between capitalism and Socialism?

Answers

Answered by Anonymous
4

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
Answered by himanibanga170
4

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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