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- Socialism is an economic and political system where workers own the general means of production (i. e. farms, factories, tools, and raw materials)
- Socialism is an economic and political system where workers own the general means of production (i. e. farms, factories, tools, and raw materials). ... This is different from capitalism, where the means of production are privately owned by capital holders.
- capitalism is an economic system where most of the goods and sevices people need are produced by private companies. the main goal is to make a profit for the people who own the company
- in a capitalism society individiual freedom is highly valued.However in a socialism society what is best for the group is more important than individual freedom
- in a capitalism society production of goods and services is in the hands of individuals in a socialism based society production of the goods and services are in the hands of the government
- in a capitalism base society whether or not people can meet their needs depends on how wealthey they are.in a socialism society every person shuld recieve enough to meet their needs
- in a capitalism based society competition is important to help create wealth and improve society in socialism society co-operation is important to help create wealth and improe society
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