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Capitalism allows for more freedom for businesses than socialism does

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Wiki User

8y ago
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paulbenn

Lvl 13
2y ago

Capitalism: production for profit; wages system; class ownership of the means of production; repressive state; wars; poverty.

Socialism: production for use; no classes or state; free access; equality; peace.

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paulbenn

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2y ago

Capitalism: 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.

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paulbenn

Lvl 13
3y ago

Capitalism: class ownership, massive inequalities, wages system, production for profit, wars, violence, hunger.

Socialism: common ownership, production for use, democratic control.

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Kaitlyn Anderson

Lvl 1
3y ago
Can you explain?
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paulbenn

Lvl 1
3y ago
What exactly would you like explaining?
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Lorine Batz

Lvl 1
3y ago
great answer thxx

Capitalism allows businesses to have more freedom than socialism does.

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Q: In what way do capitalism and socialism differ?
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