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socialism vs capitalist - Coggle Diagram
socialism vs capitalist
capitalism
capitalist power
misallocation of resources
2 clsses
encourage worker
compertition among seller
price mechanism
indiviual enterprises
respect liberty
consumer soverignty
expolit capitalist
profit
laizze faire economy
private ownership
socialism
central authority
proper allocation
no competition
classless society
absolute power
govt class
equal income
limited choice
ignore liberty
public welfrae
no expolitation by capitalist
public ownership