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elena-14-01-66 [18.8K]
3 years ago
9

Im terms of production what best describes the difference between capitalism and socialism

History
2 answers:
BartSMP [9]3 years ago
7 0

The correct answer is: Capitalism is a system in which goods are made by private businesses, but socialism stresses government control over production.

andrey2020 [161]3 years ago
4 0

Capitalism frames production around supply and demand. The greater demand means increased supply and vice versa. Socialism is more collective in orientation and is not based on supply and demand.

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