Respuesta :
In general, the main difference between socialism and capitalism is that socialism calls for a division of wealth among the population while capitalism encourages the pursuit of self-interest.
Capitalism- means of production and distribution of goods and wealth are controlled by individuals and operated for profit. The government does not control or regulate buisness of individuals
Free market and trade
Supply and demand
Adam Smith- laissez faire capitalism is an example and the US use capitalism
Each person as an individual recieves the amount of profit they make alone
Socialism- the government controls and regulates buisness (trade and production) of the country as a whole
Ex. Communism
Everyone is equal and recieves equal amounts of profit (sharing)
Free market and trade
Supply and demand
Adam Smith- laissez faire capitalism is an example and the US use capitalism
Each person as an individual recieves the amount of profit they make alone
Socialism- the government controls and regulates buisness (trade and production) of the country as a whole
Ex. Communism
Everyone is equal and recieves equal amounts of profit (sharing)
