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EzraCapitalism: a tiny minority own the resources of the planet; most people have to work for wages; production takes place to make a profit; there is poverty, inequality, exploitation.
Socialism: the means of production are owned by all the people in common; there is free access to what has been produced; production for use; no poverty; true democracy; genuine equality.
Capitalism: class ownership, massive inequalities, wages system, production for profit, wars, violence, hunger.
Socialism: common ownership, production for use, democratic control.
Capitalism allows businesses to have more freedom than socialism does.
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IN WHAT do capitalism and socialism differ?
Capitalism allows for more freedom for businesses than socialism does
What countries have all communism capitalism and socialism?
Which countries that are under communism , socialism and capitalism
What types of economic systems exist throughout the world today?
capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy
What does Bosnia practice communism socialism or capitalism?
Capitalism
What individual advocated that Democracy would give way to Socialism and Capitalism would change into Communism?
KARL MARX had the view that history was inexorably trending to communism and that capitalism would improve to socialism and socialism would improve to communism.
