briefly explain the differences between the capital and socialists ideas on private property

Open in App

Solution

S.No Capitalist ideas on private property Socialist ideas on private property

1. Property is in the hands of few Property should be shared and everyone should be benefited

2. Profit is the main aim of capitalism and capitalists made use of workers’ productivity to reap the gains Welfare is the main aim and social interests should be taken care of in case of private property

Suggest Corrections

Similar questions

Explain physical change and chemical change and physical properties and chemical properties.(explain briefly)

Join BYJU'S Learning Program

S.No	Capitalist ideas on private property	Socialist ideas on private property
1.	Property is in the hands of few	Property should be shared and everyone should be benefited
2.	Profit is the main aim of capitalism and capitalists made use of workers’ productivity to reap the gains	Welfare is the main aim and social interests should be taken care of in case of private property