Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

In contrast to a capitalist society, how does a person’s income function in a socialist society?


Sagot :

In a capitalist society, a person pays for what they utilize and pays no taxes.

In a socialist society, a person collectively pays for everything publicly funded through taxes.

These are only the definitions of "pure" capitalism and socialism. Currently, no society has such; they have a mix of the two.