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What is the difference between pre_capitalist …

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What is the difference between pre_capitalist and capitalist

Posted by Sangwan Family 4 years, 4 months ago

CBSE > Class 12 > Sociology

1 answers

Meghna Thapar 4 years, 4 months ago

Socialism is an economic and political system under which the means of production are publicly owned. Production and consumer prices are controlled by the government to best meet the needs of the people. Capitalism is an economic system under which the means of production are privately owned. Precapitalist in which capitalism has not yet been introduced.

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