what the main differences between capitalism and Socialism?
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- 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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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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