The Difference between Capitalism and Socialism (2444 words, 9 pages)
Capitalism v. Socialism Which is More Efficient?The central difference between Capitalism and Socialism pertains to the role of the government, economic growth, economic equality, and social welfare (Spaulding). Under Capitalism, the means of production and distribution are privately owned. Conversely, under Socialism, the means of production and distribution are owned ...
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