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How are the ideas of capitalism and socialism different?
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How are the ideas of capitalism and socialism different?

How are the ideas of capitalism and socialism different?-example-1
User Haolt
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Answer: Capitalism- economic system in which the factors of production are privately owned and money is invested.

Socialism- factors of production are owned by the public (government) and operate for the welfare of all the people.

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I hope this is useful!

User Rjrjr
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