answersLogoWhite

0

They are unrelated to each other, Democracy is a form of government which is chosen by the people, Capitalism is the form of society which says that everybody earns for what he works for, Socialism is the point of view which says that the government meddles with the income and living of the people (ex: unemployed people who get a job from the government),also Captalism is why Americas great and socialisism is the first step to communism and then comes fachism(prbly spelt it wrong) hpope i helped

what id said is true

User Avatar

Wiki User

14y ago

Still curious? Ask our experts.

Chat with our AI personalities

MaxineMaxine
I respect you enough to keep it real.
Chat with Maxine
CoachCoach
Success isn't just about winning—it's about vision, patience, and playing the long game.
Chat with Coach
BlakeBlake
As your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with Blake

Add your answer:

Earn +20 pts
Q: What are the differences between democracy capitalism and socialism?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

What conflicts might arise between sorters of capitalism and socialism?

what do you mean by sorters


What are the similarities between socialism and capitalism?

Socialism and communism are similar in the way they are supposed to work - all power being shared equally - and capitalism is similar to socialism in that everybody should ideally get out what they put in proportionally, but communism and capitalism are the exact opposites.


List two differences between the capitalist and socialist ideas of private property?

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.


What is the difference between welfarism and socialism?

Socialism is a classless stateless society based on production for use, with no money or rulers. Welfarism means capitalism with a welfare state, intended to remove some of the worst features of a society based on inequality and exploitation.


What are the similarities in Mercantilism--Laissez-Faire--Capitalism--Democratic Socialism--Socialism and Welfare Capitalism?

Mercantilism was in some sense an early form of capitalism, though there was considerable state control over foreign trade and there were usually, along with this, very high tariffs. Laissez-faire refers to more traditional ideas of how capitalism should operate, little to no state interference, no monopolies, etc. "Welfare capitalism" is a term that is sometimes used to refer to capitalist countries that have strong social welfare programs and do make some limited attempts to combat homelessness and extreme poverty. Examples of this today would be Sweden and Norway. What these all have in common is that they are all basically capitalist, laissez-faire and welfare capitalism are essentially the same economically for the most part but have some starkly different social policies. Mercantilism does not have a great deal in common with them. Democratic socialism is a term that can refer to two different things. It can sometimes be used as a synonym for social-democracy, or it can be used as a term to distinguish oneself from what people typically associate with what they think is communism. Socialism refers to any political and economic philosophy or system that is not capitalist and emphasises community control over politics and the social ownership of the means of production. There is no difference between this and the second description of what "democratic socialism" means. The first (synonym for social-democracy) description however, has little in common with socialism, it is essentially capitalist and has much in common with welfare capitalism.