CBSE Class 9 History Question 4 of 17

Socialism in Europe and the Russian Revolution — Question 1

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Question

Question 1

List two differences between the capitalist and socialist ideas of private property.

Answer

Two differences between the capitalist and socialist ideas of private property are:

  1. Socialists were against private property, and saw it as the root of all social ills of the time whereas Capitalists were in favour of owning private property.
  2. Socialists believed in distribution of profit earned to all while capitalists kept the profit with themselves.