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.