Ask Question
20 August, 21:15

Im terms of production what best describes the difference between capitalism and socialism

+5
Answers (2)
  1. 20 August, 21:22
    0
    Capitalism frames production around supply and demand. The greater demand means increased supply and vice versa. Socialism is more collective in orientation and is not based on supply and demand.
  2. 20 August, 21:36
    0
    The correct answer is: Capitalism is a system in which goods are made by private businesses, but socialism stresses government control over production.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Im terms of production what best describes the difference between capitalism and socialism ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers