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Discuss differences pure capitalism and pure socialism. How do they differ with respect to: a) who owns the means of production b) the incentives provided

Discuss differences pure capitalism and pure socialism. How do they differ with respect to:

a) who owns the means of production

b) the incentives provided by the system for an individual to work?

c) freedom of labor to seek its best reward (highest wage) and freedom of capital to move to the most profitable enterprise?

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