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socialism and capitalism

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  • Capitalism: Is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
  • Hello everyone, I am here to explain capitalism
  • I am here to explainSocialism
  • Socialism: A political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. I will show examples of both of these in my next slides.
  • Capitalism:Individual freedom is highly valued.
  • What is the attitude toward individual freedom
  • Socialism:What is best for the group is more important than individual freedom.
  • Capitalism: Production of goods and services is in the hands of individuals and private businesses.
  • Production of goods and services
  • Socialism:Production of goods and services is in the hands of the government.
  • Capitalism: Whether or not people can meet their needs depends on how wealthy they are.
  • Are people able to meet their needs? 
  • Socialism:Every person should receive enough to meet his or her needs.
  • Capitalism: Healthcare provided by private sector.
  • Healthcare
  • Socialism: Healthcare provided free or subsidized by the government.
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