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Compitalism is not a recognized political or economic system.
Wiki User
∙ 8y ago
Both socialism and capitalism involve economic systems where goods and services are produced and distributed, but they differ in terms of ownership and distribution of resources. In socialism, the means of production are owned and controlled by the state or the community, whereas in capitalism, they are owned by individuals or private companies. Additionally, both systems aim to improve the living standards of their citizens, but they have different approaches to achieving this goal.
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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 did America feel about socialism at the turn of the century?
I think similar to the way the felt about communism
How is socialism similar to capitalism nova net?
government control of business-D. Roe
How is socialism similar to capitalism?
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.
Was communism or socialism first?
It was from Socialism that Communism was born.
Why socialism book written by?
socialism
The African form of socialism was based on what?
There was no African form of Socialism.
What is difference between socialism and US?
Socialism is an economic system where the means of production are owned and controlled by the state or the community, aiming for equality. The US is a capitalist country where the means of production are privately owned, with a focus on individual initiative and competition.
What term is similar to socialisam?
socialism is a government term referring to ideas or theories that support government ownership of ways of producing and distributing of of goods or merchandise
What does crypto socialism m ean?
fake socialism.
Make you a sentence using the word socialism?
Many Americans feel that president Obama's health reforms smack of socialism and they don't like it.
