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butalik [34]
2 years ago
15

How is socialism different from capitalism?

History
2 answers:
kodGreya [7K]2 years ago
5 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.

individual initiative - start of something and hope it will continue (initiative)

kolezko [41]2 years ago
3 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.

Explanation:

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