amandarussell84 amandarussell84
  • 24-07-2016
  • English
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what is the best direction words best describes capitalism and socialism

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hopeuh
hopeuh hopeuh
  • 24-07-2016
Capitalism is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

Socialism is 
a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
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