History, asked by brijitlepcha, 1 month ago

write down the difference between capitalism and socialism​

Answers

Answered by niharika251812
3

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.

Answered by rkjha30Lite
2

Answer:

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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