clarkDAginger clarkDAginger
  • 27-10-2014
  • Social Studies
contestada

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

Respuesta :

Gibbs
Gibbs Gibbs
  • 27-10-2014
In regards to production the difference between capitalism and socialism is in regards to ownership of the production. In capitalism production is privately owned and run. The means of production are operated for profit. In contrast in socialism the means of production would generally be owned by the state in the hopes of creating collective benefit rather than simply to produce profits. 
Answer Link

Otras preguntas

What phrase describes a scientific law?
difference between simple and complex machine
4000 ml to kl plis help mee
Who did the Native Americans like better, The Spanish or the French? Why?
Which classification of asthma may require lifestyle changes in order to control it?
tex try these sports skills slow balls fast balls and dusters Correct punctuation, commas, etc.
A torch and a battery cost £2.50 altogether. The torch costs £1.50 more than the battery. what fraction of the total price is the torch? Give your answer in its
How does the desire for profit and the protection of human rights conflict-and how is this shown in the Atlantic Slave Trade? *
What is the advantage to a scientist in using a line drawing rather than a ball-and-stick model or Lewis structure?
what will be the colour of Naoh solution when added to phenolphthalein​