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| Topic | Explain the difference between capitalism and socialism... |
| aHappySacka 04/11/20 12:45:58 AM #5: | Just a guess and I'm probably wrong. Capitalism: the markets are controlled by private businesses and the government can't intervene on behalf of the consumer. e.g I can control an entire market and increase prices by 1000% and if anyone doesn't like it then they can leave. Socialism: the markets are controlled by all businesses but the government is mandated to protect the consumer e.g I can try to control the market but the government has policies in place to either prevent a monopoly or to prevent prices to go above a certain limit. --- You are now blinking and breathing manually. https://media.giphy.com/media/w9anbv8X6xovjNwIub/giphy.gif ... Copied to Clipboard! |
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