Advantages
| |Advantages |Disadvantages |Who does the planning? |
|Socialism |Income distributed more equally; individuals do not face risks |Extensive government interference with economy and personal lives; | |
| | |inefficiency; slow rate of economic growth | |
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|Capitalism |Efficient; higher rates of economic growth |Wealth not equally distributed; some groups receive inadequate services; | |
| | |entrepreneurs can fail | |
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| |Advantages |Disadvantages |Who does the planning? |
|Socialism | | | |
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|Capitalism | | | |
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| |Advantages |Disadvantages |Who does the planning? |
|Socialism | | | |
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|Capitalism | | | |
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| |Advantages |Disadvantages |Who does the planning? |
|Socialism | | | |
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|Capitalism | | | |
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