How is socialism different from capitalism?

History

2 answers:

kodGreya [7K]3 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]3 years ago

3 0

Answer:

Explanation:

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