In capitalism , people are free to start businesses, compete, and uk people whatsapp number nnovate. Profit is the primary goal, and wealth can be accumulated privately. Because wealth is not evenly distributed, large income disparities can exist. The United States , Japan , and most European countries have capitalist economies , although many also include social programs (such as health care or welfare) to offset inequality.
What are the main differences?
The most significant difference is in how they view power, ownership, and freedom
The purpose of government: to protect citizens’ rights, maintain order, provide public services, and create a framework for justice and prosperity through laws and policies.
Democracy and Socialism:
Democracy prioritizes political freedoms—free speech, voting rights, and civil liberties. Socialism can exist within a democratic framework, but it focuses on redistributing economic power to ensure equality. Socialism pursues economic freedom to ensure that everyone can meet their basic needs.
