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What are the main differences between capitalism and socialism?
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The main differences between capitalism and socialism are primarily related to the organization of economic systems and the level of government involvement in those systems. Capitalism is an economic system based on private ownership and the pursuit of profit, where resources are allocated through the market system. Socialism, on the other hand, is an economic system based on collective ownership and production for use, with the government having a greater role in controlling and allocating resources.