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In a nut shell:
Socialism and Capitalism are two completely different economic and semi-political systems.
Socialism is a sort of twist of Communism; true communism not Marxism which is what Russia, China, and several other countries claimed to be during WW2.
Capitalism is a system that runs around a "Free enterprise system" which means that businesses, corporations, and organizations run without ANY intervention from the government. Prices and values of objects are 100% controlled by the consumer and producer. Capitalism supports the idea of competition and survival of the fittest, if you can't financially keep up, then you did something wrong because everyone started with an equal chance. In a capitalist society the goal is monetary gain, and self improvement.
Socialism is a system that runs off of complete government regulation. It is basically a democratic communism. Everyone works, and works where they want to work, and everyone is given the same amount for their work. The control of all resources is given solely to the government. This means that mines, lumberyards, oil rigs, and any other natural resource farm is controlled by the government. The people work, and the government regulates. Focuses on people working together for the common good rather then self improvement.
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∙ 13y ago
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What factor will most likely improve economic growth in weak rule-of-law countries. captilism or political reform?
Political Reform
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 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.
When was The Future of Socialism created?
The Future of Socialism was created in 1956.
When was Socialism or Barbarism created?
Socialism or Barbarism was created in 2001.
When was Voluntary Socialism created?
Voluntary Socialism was created in 1896.
When was Socialism is Good created?
Socialism is Good was created in 1958.
What characteristics and socialism share?
You haven't given what the comparison is with socialism.
What is definition of market socialism?
market socialism is a term used to denote two different economic system based in socialism which operate according tomarket priniciples.
