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Bezzdna [24]
3 years ago
14

What is a significant difference between Socialism and Capitalism?

History
2 answers:
Kisachek [45]3 years ago
8 0
<span>Government or a central authority owns the means of production under Socialism.</span>
bonufazy [111]3 years ago
7 0
<span>capitalism: private property
socialism: government property

capitalism: market determines what gets produced and consumed
socialism: government regulation does

capitalism: long-term economic growth (despite short-term recessions)
socialism: steady stagnation

capitalism: constant technological progress
socialism: copying capitalist technology </span>
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