Advertisements
Advertisements
प्रश्न
Highlight any one major distinction between the Soviet economy and the Capitalist economy.
Advertisements
उत्तर
Soviet Economy:- It was a planned economy controlled by the state and was based on the principles of equality.
Capitalist Economy:- Based on private ownership and the operation is for profit. Land and productive assets are owned and controlled by the capitalist.
APPEARS IN
संबंधित प्रश्न
Differentiate between the capitalist and the socialist models of development.
Why did the superpowers need smaller states as their allies? Explain any four reasons.
“Like India, why could democracy not take roots in Pakistan despite the fact that both the countries share a common past?
The Russian Revolution was inspired by the ideals of ______ as opposed to capitalism and the need for an ______ Society.
