0
List two differences between the capitalist and socialist ideas of private property?
Wiki User
∙ 10y ago
Capitalism and socialism both respect private property. Communism is a form of socialism where all 'means of production' are publicly owned--that is factories, farms, mines, etc. But socialism itself respects property rights.
Capitalism, when it runs amuck as it has in the US, tends to see property rights as being above human rights or civil rights. Because the rues are dictated by the property-rich. But putting property above people is not inherent in capitalism, usually.
Wiki User
∙ 10y ago
paulbenn
In Socialism private property refers to people’s own possessions (home, clothes, etc). Under capitalism the resources of the planet are the private property of a small number of very rich capitalists. In Socialism, these resources are the common property of all humanity.
Add your answer:
Earn +20 pts
What kind of economic system does France have?
mixed economy between socialist and capitalist
Is Italy a Socialist economy?
Italy has a mixed economy due to the differences between North and the South , the first one is more industrialized and the second one more agricultural.
What difference between communist an capitalist society?
The differences between a communist and a capitalist society are many and could easily fill a large book. The short, practical answer to this is that in a communist society the government controls the money, controls what people do to earn it, and distributes the wealth equally among the populace. In a capitalist society wealth is controlled by the people, and the harder you work the more you can earn. The government doesn't control every aspect of the economy.
Price system between capitalist economy and socialist economy?
Socialism has no money, no economy and no prices. Under capitalism, prices are essentially determined by the amount of labour involved in producing something (affected too by supply and demand, among other things).
What are the differences and similarities between the economic systems in Israel Saudi Arabia and Turkey?
Israel and Turkey have capitalist economic systems with a moderate degree of state investment. Saudi Arabia is petro-state.
What are the political differences between Barack Obama and Vladimir Putin?
socialist and capitalist
What are some of the differences between capitalist and socialist views?
Capitalism is an economic system based on private ownership and free market competition, where individuals and companies own and control the means of production. Socialism, on the other hand, aims to distribute wealth more equally among society by advocating for government ownership and control of key industries. Capitalism promotes individual freedom and rewards based on merit, while socialism prioritizes collective well-being and social equality.
What kind of economic system does France have?
mixed economy between socialist and capitalist
What were the main differences between the two superpowers after World War 2?
One of the main differences between the two super powers after World War II was that the United States was a democracy and Russia was communist. America was also capitalist and Russia was socialist.
What is the difference between captilalist and socialist?
Capitalism is an economic system where resources and means of production are owned and controlled by private individuals or businesses, with a focus on individual profit. Socialism, on the other hand, is an economic system where resources and means of production are owned and controlled by the state with a focus on social welfare and equality.
Differences between East Germany and West Germany?
The main differences between West and East Germany was that West Germany was a Democratic Capitalist state while East Germany was a self declared 'socialist state' (though more commonly it is labeled Communist).
What are the differences between a socialist regime and a capitalist regime?
A capitalist regime is one in which there is little governmental interference with the economic sphere and citizens possess complete economic freedom. Socialism is the midway point between capitalism and communism. Socialist regimes are when the government has control over certain industries, like the medical field, steel manufacturing, or oil drilling. Socialist regimes also employ measures to minimize poverty and promote equality, like welfare programs, often at the expense of the more economically successful.
Is Italy a Socialist economy?
Italy has a mixed economy due to the differences between North and the South , the first one is more industrialized and the second one more agricultural.
What differences between the us and the Soviet Union led to the beginning of the cold war?
The most important difference that many of the smaller differences sprang from were our government and economic systems. The United States was, and still is, a democratic republic with a capitalist economy. The Soviet Union had a communist government and a socialist economy. Both countries viewed the other's system as a threat.
What was a goal of the industrial workers of the world in 1905?
Get rid of the differences between those who owned property and those who did not. - Apex
What are differences between a section common property and exclusive use?
what are the differences between a section, common propety, and eclusive use
What is a characteristic of a property?
properties that show differences between substances
