Chapter 2

NCERT
Class 9
History
Solutions
1. List two differences between the capitalist and socialist ideas of private property.

Question:

List two differences between the capitalist and socialist ideas of private property.

Answer:

Some of the differences between capitalist and socialist ideas of private property were:

Capitalist Ideas:

  • Capitalists believed in private property. They were the owners of those industries in which they have invested.
  • They believed that profits made by industry should be enjoyed by owners only.
  • They believed in class-based society.

Socialist Ideas:

  • Socialists did not believe in private property. They thought that all properties and means of production should be socially controlled.
  • They believed that profits made by industries should be divided among workers because profit is the end result of their hard work.
  • They believed in classless society.

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