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Masteriza [31]
3 years ago
11

How are the ideas of capitalism and socialism different?

History
1 answer:
olasank [31]3 years ago
3 0

Answer: Capitalism- economic system in which the factors of production are privately owned and money is invested.

Socialism- factors of production are owned by the public (government) and operate for the welfare of all the people.

Explanation:

I hope this is useful!

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