History, 12.11.2019 23:31 tilsendt

What is the primary difference between the principles of capitalism and socialism

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Capitalism: is an economic system in which the factors of production are privately owned and money is invested in business ventures to make a profit.
(Basically Capitalism referred to people who believed that the government should not interfere with businesses)

Socialism: the factors of production are owned by the public and operate for the welfare of all.

The main difference between the two was that in capitalism, business owners wanted to run everything themselves. They didn't want help from the government at all. Socialism was when the people wanted "some government" involved within the businesses. In summary, the main difference is the amount of government that was allowed to take over in a business.

Answer from: reaperqueen21

Capitalism tends to be associated with a free or a mixed market and places great importance on private ownership of property, giving businesses a great deal of freedom.

Socialism, while allowing for some private ownership, tends to place many more regulations on businesses, restricts some individual rights to private ownership, and typically has some government-dominated industries, such as transportation.

Answer from: Quest

Economic success prussia had a very strong economy, partly due to the success of the zollverein. stronger prussian army king wilhelm wanted to build a bigger, stronger army but was blocked by the prussian landtag (parliament).-credits to google for putting answer -credits to slideshare for making answer-credits to me for putting answer on brain.ly

Answer from: Quest

explanation:

i think it is in quadrant 4.

the five year plans were part of a command economy. there was little choice in what would be emphasized for the current 5 year period.

the answer to democracy or totalitarianism is a bit harder. in stalin's time, russia was totalitarian. now that's not entirely true. putin has moved towards at least the boundary.

This question is kind of tough me answer it read it before you tell me the answer

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