Political Science, asked by Rashivashist171, 1 year ago

Write a paragrph o 100 words comparing and contrasting between captalists and socialist ideas


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Answered by tia206
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Key Differences Between Capitalism and Socialism. ... Capitalism encourages innovation and individual goals while Socialism promotes equality and fairness among society. In the socialist economy, the resources are state-owned but in the case of the capitalist economy, the means of production are privately owned.

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