Home What is Capitalism? What is Socialism? The Pros of Capitalism and Socialism
The Cons of Capitalism and Socialism

The Characteristics of Capitalism and Socialism


Capitalism and socialism are different political, economic, and social systems in use by countries around the world. The United States is usually considered a capitalist country while Sweden is usually considered a socialist country. Sweden is not socialist, however, in the true sense of the word. A more extreme form of socialism is communism. An example of a communist country is Cuba. In truth, many countries have mixed economies. They have economic elements of both capitalism and socialism.

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