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प्रश्न
Mention any two differences between Capitalism and Socialism.
उत्तर
- The first and the most important distinction between Capitalism and Socialism is that “the means of production in a Capitalist economy remain in private hands.” (the capitalists or the industrialists). The Socialist thinkers hold that the material resources of the country (land, coal, iron, railways, road- transport, and banks etc.) should be nationalised, i.e., brought under State-control.
- The spirit of capitalism is Market Economy. The economic life is organised according to the forces of demand and supply. The capitalists produce even those goods which are of no utility for the society. It leads to the wastage of valuable resources. The Socialists, on the other hand, placed too much emphasis on a planned economy.
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संबंधित प्रश्न
Mention any two causes responsible for Industrialisation in England.
What is the role of Robert Owen in the history of the socialist movement?
Industrial Revolution in England may be attributed to many factors. What was the role of the following factor:
Availability of Coal and Iron.
Industrial Revolution in England may be attributed to many factors. What was the role of the following factor:
Improved Transportation.
How did the evil effects of the Industrial Revolution help in the rise of Socialism?
With reference to the rise of Capitalism, answer the following question:
What was the impact of Capitalism on the working class?
With reference to Socialism, answer the following question:
What is meant by the term ‘Socialism’?
With reference to Capitalism and Socialism, state the following:
Two key proponents each of Capitalism and Socialism.
With reference to Capitalism and Socialism, state the following:
What according to you is better of the two economic systems? Give reasons to support your answer.
Socialism can mean a variety of different Ideologies. In this context describe the following:
Democratic Soclialism
