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ivolga24 [154]
3 years ago
11

Explain the difference between socialism and a pure command economy

Advanced Placement (AP)
1 answer:
ryzh [129]3 years ago
6 0
Pure Capitalism characteristics:
-Private property and freedom of choice
-Self interest
-Markets and prices
-Competition
-Limited government intervention

Pure Command Socialism characteristics:
-Public ownership
-Centralized decision making
-Economic planning
-Allocation by command
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