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How is Social Mobility obtained in

Capitalism? How is this different from
Socialism and Communism?

1 Answer

9 votes

Answer:

Both socialism and communism are essentially economic philosophies advocating public rather than private ownership, especially of the means of production, distribution and exchange of goods (i.e., making money) in a society. Both aim to fix the problems they see as created by a free-market capitalist system, including the exploitation of workers and a widening gulf between rich and poor.

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