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11 August, 03:33

Capitalism differs from Socialism in that, Capitalism engages in centralized planning whereas Socialism does not.

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  1. 11 August, 03:42
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    No, it is false that capitalism differs from socialism in that capitalism engages in centralized planning whereas Socialism does not, since in capitalist nations the economy relies on "supply and demand" to determine production, whereas in many socialist or communist countries the economy depends on central planning.
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