Capitalism vs. Socialism: Comparing Economic Systems

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Summary

• All of the tradeoffs in competing economic systems—capitalism, socialism, and communism—are controversial.

• These systems and ideologies have undeniably shaped the way people view both the world today and modern history.

• Socialism: Comparing Economic Systems All of the tradeoffs in competing economic systems—capitalism, socialism, and communism—are controversial.

• These systems and ideologies have undeniably shaped the way people view both the world today and modern history.

• But where does capitalism begin and socialism end?