Question

write a paragraph ditterentiating the ideas of capitalism
and socialism.​

Answer 1

${\huge{ \boxed {\sf \red{Answer}}}}$

Capitalism affords economic freedom, consumer choice, and economic growth. Socialism, which is an economy controlled by the state and planned by a central planning authority, provides for a greater social welfare and decreases business fluctuations.

Answer 2

${\huge{\bf{\blue{⛄Answer⛄}}}}$

Capitalism affords economic freedom, consumer choice, and economic growth. Socialism, which is an economy controlled by the state and planned by a central planning authority, provides for a greater social welfare and decreases business fluctuations.