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Showing posts with label socialism. Show all posts
Showing posts with label socialism. Show all posts

Aug 5, 2019

[Answer] what is the difference between socialism and capitalism

Step 1 : Introduction to the question "what is the difference between socialism and capitalism"



...Capitalism, Socialism & Communism : Introduction. Capitalism is an economic and political system in which individuals own economic resources and industry, whereas under socialism, the state plans and produces goods, and either owns or redistributes resources among its citizens.