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Illusion [34]
3 years ago
13

How does socialism differ from capitalism

History
1 answer:
kondor19780726 [428]3 years ago
7 0
Capitalism encourages innovation and individual goals while Socialism promotes equality and fairness among society. In the socialist economy, the resources are state-owned but in the case of the capitalist economy, the means of production are privately owned.
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Explanation:

hope this helps! maybe mark me brainliest?

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Hope this helpd :)

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