Plato was actually a student of Socrates. Their ideals were
almost similar but they did differ as far as their opinion on democracy was
concerned. Socrates was a great believer in democracy. He was of the opinion
that the people possessed real knowledge and all good things were within the
people. So he believed that democracy was the only way to gain happiness. Plato
on the other hand did not believe in pure democracy, but he believed in
Republic Democracy, which is a mixture of democracy and oligarchy.
In a capitalist system, "b. governments do not control the factors of production" although they do tend to regulate production and ensure that business is being practiced fairly.
