What is socialisms. One market is made by innovations and seeking profits. Whith cronyism the government influences market outcome with intervention. A command economy rejects markets entirely in favor of central planning. This is socialisms under that central planners control what is made who makes it and who benefits while markets reward those who best serve costumers. Sociliast promise that evryones needs will be taken care of equally. People are provided what only the central planners have chosen for them profits reward and encourage innovation and efficiency if You are the first to create a new products the individual who risks capital is finacnally rewarded. under socialisms their is know incentive to innovate.

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