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Difference between capitalism and socialism

The main differences between capitalism and socialism revolve around the. role of government and to the equality of economy. The main differences are presented below: Capitalism Socialism Definition A theory or system of social organization based on the. free market…

Difference between cost and expense

Cost is any disbursement made by a company to maintain its production process of goods or services (purchases of raw materials, transportation of products, etc.). Expense are all disbursements or payments made by the company to produce the product or…