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How was socialism similar to capitalism?

In: Socialism [Edit categories]

Answer:

Government control of business.

First answer by ID2777394166. Last edit by ID2777394166. Question popularity: 1 [recommend question].

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How is socialism similar to capitalism?
existence of social classeswrong: true socialism does not have social classes only the one, though true socialism and communism does not exist in the world which is unfortunate.
How do capitalism and socialism differ?
Basic answer: Capitalism is based on competition and socialism is not. Socialism is when the government provides everything for you and tells you what you can and cannot do. In a capitalistic nation,...
How is communism and socialism similar?
Communism and Socialism may not be completely similiar, however, socialism was(is) a fundemental part of communism and is considered a key tool in how communism operates and most importantly how it...
Are capitalism and socialism economic systems?
yes
Difference of socialism and capitalism?
Capitalism is the ideology involving individual wealth and the growth of large buisnesses. These are most common around the world, whereas socialism is more focused on the public as a whole and...