What makes capitalism different from socialism

2 answers:

3 0

Capitalism is based on the idea of capital circulating freely between people who own companies. In capitalism, you make goods and are not as much controlled by the government and as such people belonging to a capitalist society buy goods from manufacturers and the money keeps circulating between producers and consumers.

In socialism, the manufacturing and producing companies are owned publicly by people, or more precisely by the state which represents the people. The state cares about production so that people get what they need and how much of it they need, instead of just making whatever kinds of good people are willing to throw their money on.

o-na [289]3 years ago

3 0

They are very different in how they view who runs the economy. Most economies have ideas from both systems, but tend to be more of one than the other. Capitalism is the economic system based on private or corporate ownership of, production and distribution of goods.

You might be interested in

In 1812, napoleon and 400,000 troops encountered severe difficulties as a result of the ___ used by the russian leader in respon

Mandarinka [93]

Scorched Earth policy. The Russians burned whatever they couldn't take with them. In that period, lots of supplies were gained through scavenging and taking from the locals, but with everything destroyed, the French had no supplies bar what was being sent to them, but the further into Russia they got, the longer it took for supplies to catch up.

3 0

3 years ago

converted to Islam or happly lived under Islamic rule. RACE Body Paragraph 2 The rapid spread of Islam greatly benefited from tr

Sveta_85 [38]

Answer:

Explanation:

converted to Islam or happly lived under Islamic rule. RACE Body Paragraph 2 The rapid spread of Islam greatly benefited from trade during the middle ages. For example, Mecca was an important trading crossroads for the Arabian Peninsula, "[v]ast camel trains, bearing spices, perfumes, precious metals, ivory and silk, filed through the town" (Doc A). Consequently, Islam starts in Mecca allowing the interactions between Muslims and non-Muslims traders to share informations between the two. there's 2 missing sentences in this paragraph need help to find the 2

6 0

2 years ago

What was the biggest problem with the legislation that was passed to regulate commerce

Stells [14]

The public ignored their rulings and their regulations. It was hard for everyone to agree on any one course of action.

7 0

3 years ago

Read 2 more answers

The Egyptians used 1) Harappan 2)Pictographs 3)Hieroglyphs 4)Cuneiform to write, in which pictures represented different words,

stepladder [879]

The Egyptians used Hieroglyphs

3 0