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In what ways is the capitalist …

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In what ways is the capitalist economy different from socialist economy?
  • 2 answers

Abha Chitra 4 years, 10 months ago

Capitalist is the ideology to keep the control of market in the hands of private or individual. Socialist is the ideology to keep the control of market in the hands of state.

Soumyodeep Das 4 years, 10 months ago

In capitalist economy the economy is private owned and in socialist/communist it is state owned economy. Hope this helped
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