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Socialist argue that, to reduce the power exerterted by the owners of capital, the state should control the allocation of resources. Thus, in a socialist

Socialist argue that, to reduce the power exerterted by the owners of capital, the state should control the allocation of resources. Thus, in a socialist system, the state allocates, investment resources. In a market. based capitalist system, financial markets do that job. which approach for you think works better, and why? Relate your answer to the core principle that markets determine prices and allocate resources

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