Social Sciences, asked by suman12345686, 6 months ago

write differences between socialism and capitalism

Answers

Answered by shalinisakally

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 shruti730

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

Explanation:

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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