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Feb 10, 2012

[Economy] meaning of Socialism,Communism and Capitalism in simple words

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Shivam asked,
Please explain the meaning of Socialism,Communism and Capitalism in simple
words,it is not completely clear to me.
Read Class 11 NCERT: Indian Economic Development Economics

It is lucidly explained in it. you can download for free
http://www.jobsnresults.com/download-ncert-books-for-class-11-free-cbse-books-class-11/

I cannot simplify it any further.

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