Can you describe what you think would be the best combined features of the economic systems of capitalism and socialism while minimizing th disadvantages of each, explain More?
Under capitalism, companies live by the profit motive-they exist to make money. A capitalist system is also called a free market economy. Socialism is an economic system where the means of production, such as money & other forms of capital, are owned by the state or public. Under a socialist system, everyone works for wealth that is distributed to everyone.
Answered by Darrak O. -
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