This document discusses and compares socialism and capitalism. Socialism involves government control of the means of production and equal distribution of wealth, while capitalism involves private ownership and free market competition. Some advantages of socialism include greater efficiency and welfare, while disadvantages include lack of individualism and economic freedom. Capitalism's advantages are competition that keeps prices low and rewards hard work, while disadvantages include inequality and business fluctuations. The document provides examples of countries with capitalist and socialist systems.

2. SOCIALISM & CAPITALISM
Group
Members
Hassan
Muqarrab
Inayat Khan
IthishamULLA
H
Basheer
Ahmad
Department
Managemen
t Science
Program
MBA(1.5)

3. SOCIALISM & CAPITALISM
Agenda
 Socialism
 Advantage and
Disadvantage of
Socialism
 Capitalism
 Advantage and
Disadvantage of
Capitalism
 Difference
between Socialism
& Capitalism

4. SOCIALISM
Features:
 Government
 means of
production
 distribution of
goods
 Equal distribution of
wealth
 No socioeconomic
classes
 Equality
 Perfect competition
 Prices and quantity
determined by
Govt

5. SOCIALISM
Advantages
 Greater
efficiency
 Greater welfare
 Absences of
monopolistic
approach
 Absences of
business
fluctuation
 Economics
Growth
Disadvantages
 Elimination of
individualism
 red Taoism and
ineffiency
 An artificial system
 Consumer suffer
 Non existence of
economic and
political freedom
 Non existence of
competition

6. CAPITALISM
Features
 Private ownership
 Government
interferences
 Prices monitor by
private owners
 Primary objectives
 Strong competition
 Reward strong
 Skills priority

7. CAPITALISM
Advantages
 Competition to
provide goods and
services
 keeps prices low
 Rewards hard work
 Provides choice
 Consumers regulate
the market
 Improve Quality of
Goods
 Efficient Control Of
Production Process
Disadvantages
 Monopoly Behavior
 Waste Of talent
 Class Conflict
 Exploits people who
cannot compete
 Uneven distribution
of wealth
 Creates a money-
oriented society
 Inequality
 Fluctuation In The
Level Of Employment

8. CAPITALISM VS SOCIALISM

9. CAPITALISM VS SOCIALISM

10. CAPITALISM VS SOCIALISM

11. SOCIALISM VS CAPITALISM

12. CAPITALISM VS SOCIALISM

13. CAPITALISM VS SOCIALISM
Capitalist countries:
 America
 Canada
 Brazil
 Japan
 Mexico
Socialist countries:
 Cuba
 Saudia Arabia
 Iran
 North Korea
 Burma

14. CAPITALISM VS SOCIALISM