question_answer 1)

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

Answer:

The two differences are as follows (i) The capitalists believed that individuals owned private property whereas the socialists believed that all property belonged to the society as a whole, i.e., to the state. (ii) The capitalists believed that the profits from the property should belong to the property's owners, whereas the socialist believed that profits are due to the workers' labour and so should be shared by them.