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fenix001 [56]
2 years ago
7

What does individual initiative means and how does it relate to capitalism

History
2 answers:
AleksandrR [38]2 years ago
7 0

Answer:

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.

patriot [66]2 years ago
6 0
Individual initiative determines what will be produced.

It relates to capitalism because capitalism is based on individual initiative and favors market mechanisms over government intervention
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