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प्रश्न
Describe the differences or dissimilarities between Capitalism and Socialism under the following heading:
Private Ownership versus State Ownership
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.
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संबंधित प्रश्न
What is meant by the Industrial Revolution?
Mention the two main features of Capitalism.
Mention any two abuses or evils of a Capitalist System.
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:
Improved Transportation.
Industrial Revolution in England may be attributed to many factors. What was the role of the following factor:
A vast Overseas Market
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:
Unemployment
Socialism emerged as a reaction to Capitalism. In this context answer the following question:
What were the key areas of disagreement between Marxian Socialists and Democratic Socialists?
Describe the differences or dissimilarities between Capitalism and Socialism under the following heading:
Profit Maximisation versus Social Cohesion
With reference to the rise of Capitalism, answer the following question:
What was the impact of Capitalism on the working class?
