write the two difference b/w capitalist ans socialist ideas?
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capitalist:
1) productions are controlled by individuals
2) individual gain maximum profit in favor of private property
socialist :
1) productions ate controlled by government or society
2)social welfare is the main motive of a socialist society .......hope it helps.... plzz mark as brainliest
1) productions are controlled by individuals
2) individual gain maximum profit in favor of private property
socialist :
1) productions ate controlled by government or society
2)social welfare is the main motive of a socialist society .......hope it helps.... plzz mark as brainliest
rajatchaudhary1:
thx for answer
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( 1 ) The capitalist believed that individuals owned private property whereas the socialists believed that all property belonged to the society as a whole that is to the state .
( 2 ) the capitalist believed that the profit from the property should belong to the property owner whereas socialist believed that the profit should be shared with the workers
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( 2 ) the capitalist believed that the profit from the property should belong to the property owner whereas socialist believed that the profit should be shared with the workers
Plz mark as the brainleist
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