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Gelneren [198K]
3 years ago
15

The difference between capitalism and socialism

Social Studies
2 answers:
liq [111]3 years ago
6 0

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.

Explanation:

butalik [34]3 years ago
5 0

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.

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