3 years ago

Explain the difference between socialism and a pure command economy

1 answer:

3 0

<span>Socialism is a range of economic and social systems characterised by social ownership and democratic control of the means of production, as well as the political theories, and movements associated with them whereas a pure command economy is a theoretical extreme on the spectrum of economic systems that does not actually exist in the real world. It does, however, provide a benchmark that can be used for comparison with real world economic systems.</span>

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