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the soviet union and the united states beleved in two very different economic systems what were the named of each

User Arnab Kar
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Answer:

The Soviet union believed in communism where everyone shares money and the United States believes in capitalism (go out and make as much money as you want).

Step-by-step explanation:

The Soviet Union and the United States had very different political and economic beliefs. The United States is a capitalist society, while the Soviet Union was a communist society

1

. The capitalist system is based on private ownership of the means of production and the creation of goods and services for profit. In contrast, the communist system is based on the idea of collective ownership of the means of production and the distribution of goods and services according to need

. The two countries' differing beliefs led to a 50-year-long confrontation known as the Cold War.

User Jturolla
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