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प्रश्न
Describe the differences or dissimilarities between Capitalism and Socialism under the following heading:
Market Economy versus Planned Economy
उत्तर
The spirit of capitalism is the 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
What is meant by the Industrial Revolution?
What is a Capitalist system?
Name any two of the Early French socialists.
Mention any two differences between Capitalism and Socialism.
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 and the Capitalist mode of production might have been helpful in some ways, it also caused problems in other ways. Discuss its disadvantages under the following head:
Urbanisation and Increase in Slums
Socialists prefer. Co-operation to Competition and favor Collectivism over Individualism. Mention the three key features of Socialism.
What is Capitalism?
How does India uphold socialist principles?
With reference to Capitalism and Socialism, state the following:
Difference between Capitalism and Socialism in terms of control means of production.
