The answer is: They are both ran by the people but in socialism it is oversaw by the government.
( This is how their different and the characteristics they share).
Most of France's population was in the third estate yet they had the smallest amount of land. The thirds estate was also the poorest but they had to pay more taxes than the first and second estates.
Answer:
here you go :)
Explanation:
Born into obscurity in the British West Indies, Alexander Hamilton made his reputation during the Revolutionary War and became one of America’s most influential Founding Fathers. He was an impassioned champion of a strong federal government, and played a key role in defending and ratifying the U.S. Constitution.
Alexander Hamilton was an American statesman, politician, legal scholar, military commander, lawyer, banker, and economist. He was one of the Founding Fathers of the United States. He was an influential interpreter and promoter of the U.S. Constitution, as well as the founder of the nation's financial system, the Federalist Party, the United States Coast Guard, and the New York Post newspaper. As the first secretary of the treasury, Hamilton was the main author of the economic policies of George Washington's administration. He took the lead in the federal government's funding of the states' debts, as well as establishing the nation's first two de facto central banks, the Bank of North America and the First Bank of the United States, a system of tariffs, and friendly trade relations with Britain. His vision included a strong central government led by a vigorous executive branch, a strong commercial economy, government-controlled banks, support for manufacturing, and a strong military.
Answer:
Capitalism and socialism are formal economies. The major differences between capitalism and socialism revolve around the role of the government and equality of economics. Capitalism affords economic freedom, consumer choice, and economic growth.
