What are the main differences between socialism and capitalism

2 answers:

kondor19780726 [428]3 years ago

7 0

Socialism is based on government planning and limitations on private control of resources.
Capitalism is based on individual initiative and favors market mechanisms over government intervention.

neonofarm [45]3 years ago

4 0

Answer:

The main differences between these two things are

Capitalism and socialism are so different that they're often seen as diametrically opposed. Capitalism is based on individual initiative and favors market mechanisms over government intervention, while socialism is based on government planning and limitations on private control of resources.

Explanation:

Mark Brainliest if I helped you learn it

You might be interested in

Can someone please help me and write out

slavikrds [6]

Answer: B

It cannot be A,B, nor C as Article 3 of the constitution refers to the Judicial branch of the government. With a quick search you'll find "Article Three empowers the courts to handle cases or controversies arising under federal law"

Hope this helps!

8 0

2 years ago

The people who arrived on the Mayflower, who escaped the tyranny of the Church of

Olin [163]

Answer:

Pilgrims

Explanation:

Trust me if it england it aint spaniards. i dont know what progressives are. and if it were loyalists they might as well have stayed in england

8 0

1 year ago

What situation best describes the concept of causation

gulaghasi [49]

When one event happens because of another.

7 0

3 years ago

What was the impact of How the Other Half Lives on living

gogolik [260]

I think it might be option A

4 0

3 years ago

What term means "the ability to control the actions of other people

True [87]

It is a dictator ship government
meaning the government has all control

8 0

3 years ago