In a socialist country, the government typically sets prices for goods and services. This is done to control the economy and ensure that basic needs are met for all citizens, rather than allowing market forces to dictate prices as seen in capitalist systems.
In contrast, socialist governments are less focused on guaranteeing free choice for consumers, protecting the profit motive, or guaranteeing property rights in the same way that capitalist countries do. Instead, they may prioritize equitable distribution of resources and access to essential services.
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