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  • 18-06-2016
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Answered

What is the difference between Socialism and the Free Enterprise System?

Verified Answer :

shukri17 shukri17
  • 21-06-2016

The difference between free enterprise and socialism are many but there is one significant difference. Free enterprise is an economic system that evolves naturally in a society. It is an 'you have something I want and I have something you want, let’s trade' system. And each party equally profits from that trade.

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