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Both are modes of production, but other than that they have nothing in common. Socialism has no classes, no money, no wages system, production form use, no government.
paulbenn
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∙ 6y agogovernment control of business
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How was socialism similar to capitalism?
Government control of business.
What are the similarities between socialism and capitalism?
Socialism and communism are similar in the way they are supposed to work - all power being shared equally - and capitalism is similar to socialism in that everybody should ideally get out what they put in proportionally, but communism and capitalism are the exact opposites.
How is socialism similar to capitalism nova net?
government control of business-D. Roe
Is socialism working better than capitalism?
no, socialism isn't better than capitalism because capitalism has a free market and people get rich easily.
What countries have all communism capitalism and socialism?
Which countries that are under communism , socialism and capitalism
What types of economic systems exist throughout the world today?
capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy
What does Bosnia practice communism socialism or capitalism?
Capitalism
A political ideology of a gradual transition from capitalism to socialism?
What political ideology of a gradual transition from a capitalism to socialism
IN WHAT do capitalism and socialism differ?
Capitalism allows for more freedom for businesses than socialism does
What would be considered a compromise between capitalism and socialism?
There can be no such compromise, as Socialism and capitalism are completely distinct systems. Socialism means a classless stateless society based on production for use, while capitalism has a class division and production for profit.
Do Romania use capitalism socialism communism?
Now Romania has an anarchic capitalism.
Is Portugal communism socialism or capitalism?
No. Communist don't have much power.
