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Socialism and capitalism both have goals of a high standard of living and economic equality while communism's goals are merely full employment and income equality. In all, each system works in theory but only two have been successful, communism is still in practice but is changing constantly. All three economic systems have their advantages and their disadvantages but to say which type of system is the perfect one would be too hard...
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All three economic systems have their advantages and their disadvantages but to say which type of system is the perfect one would be too hard.
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