Final answer:
The two economic systems of the Cold War were capitalism and socialism.
Step-by-step explanation:
During the Cold War (1947-1991), the economic systems of the two superpowers—the United States and the Soviet Union—reflected their ideological differences and played a significant role in the geopolitical competition between the capitalist West and the communist East. The two dominant economic systems during the Cold War were capitalism and communism.
The two economic systems of the Cold War were capitalism and socialism. The United States and other Western countries practiced capitalism, while the Soviet Union and its allies practiced socialism. In capitalism, private individuals and businesses own and control the means of production. In socialism, the government owns and controls the means of production.