an economick and politickel system in which a country<s trade and industry are controlled by priveate owners for profit
A polititcal and econoick theory pf soclisam organization which sdvoccates that the mean of production ,distribuction, and exchange should be owned or regulated by the commuaty as a whole
what is soclisam
tell me the differents between capatilisam and soclisam by useing an exsample
capitalisam is based on inter indaividual in itiative and favors market mechanics over goverment intervention,while socelisam is based on gover ment planning and limtations on private control of resorculs .
tell me the differents between capitalliam and socilsam.
CAPITALISAM PROMOTES FREE MARKET CONDITIONS, WHERE SOCLISAM INCORPORATES CERTAIN ELEMENTS OF CENTRALIZED ECONOMICK PLANNING.
THE MAIN DIFFERENCE BETWEEEN CAPIALISAM AND SOCLISAM IS THE EXTENT OF GOVERMENT INTERVENTION IN THE ECONOMY.
tell me the differents between capitalisamand and soclisam
tell me the differents between capitalisam and soclisam
they have different onwer ships but capittalisam asets onwer by private firms but for soclisam assets onwed by goverment co-operratives.
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