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Key difference between state capitalism and free-market capitalism is?
Wiki User
∙ 12y ago
It depends on whether the means of production are owned by the state (state capitalism) or by private capitalists (private capitalism). Free enterprise is a largely mythical variety of private capitalism.
paulbenn
Wiki User
∙ 12y agowho (the state or private sector) owns or controls capital and makes economic decisions
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What is the difference between welfarism and socialism?
Socialism is a classless stateless society based on production for use, with no money or rulers. Welfarism means capitalism with a welfare state, intended to remove some of the worst features of a society based on inequality and exploitation.
What is the difference between Common Wealth vs State?
What is the difference between a common wealth and a state?
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The United States had a capitalist economy; the Soviet Union had a command economy.
What is the difference between the State Legislature and the US Congress?
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This is a theory of government in which a single party controls the economy and production?
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