In a socialist economic and political system, the means of production are held in the public interest. The government controls consumer price and production to best meet the needs of the general public. A capitalism-based economic system is one in which the means of production are owned privately.

<h3>What do socialism and communism believe in?</h3>

In socialism, all citizens equally share in the economic resources distributed by a democratically elected government, whereas in communism, the state (rather than private citizens) owns and controls the majority of property and economic resources. This is the main distinction between socialism and communism.

To know more about socialism visit :

brainly.com/question/28218484

#SPJ4

3 0

1 year ago

Review the evidence that you generated. On balance, was farming a positive or negative turning point for humans? Was the develop

goblinko [34]

Answer:

It was positive because it allowed humans to settle and not have to constantly move and hunt. this allowed civilizations to form

Explanation:

4 0

3 years ago