Ask Question
Today, 14:55

What best describes the difference between capitalism and socialism

+2
Answers (1)
  1. Today, 15:55
    0
    The main difference between capitalism and socialism is the extent of government intervention in the economy. A capitalist economic system is characterised by private ownership of assets and business. A capitalist economy relies on free-markets to determine, price, incomes, wealth and distribution of goods.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What best describes the difference between capitalism and socialism ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers