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What are the difference between a market and socialist economic system?
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What are the difference between a market and socialist economic system?

User Misctp Asdas
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23 votes

Answer:

The production of goods and services is based on supply and demand in the general market. This economic structure is referred to as a market economy. In a socialist economic model, the production of goods and services is either partially or fully regulated by the government.

Step-by-step explanation:

User XIU
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14 votes
14 votes

Answer:

The production of goods and services is based on supply and demand in the general market. This economic structure is referred to as a market economy. In a socialist economic model, the production of goods and services is either partially or fully regulated by the government.

Step-by-step explanation:

User Shafiqul
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