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  • Don't worry i can tell you all about it.
  • Whats capitalism and socialism i thought they were he same thing but now i hear people talking about how they are different and whats better
  • Oh that makes sense where i used to live we used socialism, i can tell you about it.
  • Capitalism is when goods and services are owned by an individual like this bakery
  • Socialism is when the goods and services is owned by the government groups
  • That's so cool i didn't know much about socialism
  • There is many differences between these 2 things but ill explain a few fro you, socialism i better for a group because, what is best for the group is more important then individual freedom, but capitalism is better for an individual because, individual freedom is valued highly in places that use capitalism.
  • Capitalism and socialism have different ways they produce their goods and services here's an example, When using capitalism the production of good and services are in the hands of individuals while working with socialism the production of gods and services is in the hands of the government .Capitalism and socialism think differently about how people should get enough to meet their needs heres an example, with capitalism whether or not people can meet their needs it depends on how wealthy you are with socialism they every person should receive enough to meet their needs
  • Capitalism and socialism use different ways to create wealth and improve their society an example, When using capitalism competition is important to help create wealth and improve society but using socialism CO-operation is important to help create wealth and improve society.
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