Concept It’s purely an economic concept It’s purely a political science or politics. ![]() ![]() It asserts that virtually everyone, if not everyone, in a sovereign nation is entitled to participate in the country’s political processes through elected representatives to government offices by popular vote. Comparison Table Parameters of Comparison Socialism Democracy Definition It argues that to promote greater economic and social equality, the means of production should be divided among all individuals in an economy. An economic system describes how society’s commodities and services are produced and distributed, whereas a political system describes the institutions that will make up a government and how the economy will function.ĭespite this, the two processes share a similar denominator: they both strive toward societal goals.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |