<span>
Stagflation, price control. Keynesian policies were failing. The oil
crisis showed the stupidity of price controls. The stagflation showed
that an increase in the money supply does not increase wealth.
In the 70s we still had Vietnam, we had Nixon, there was Watergate,
Gerald Ford, Paul Volcker raising interest rates to 20% in the Federal
Reserve, government bailing out Chrysler. </span>
Bc people developed a fear of them and more tasty stuff started appearing everywhere
True is the answer because of hard labor.
In terms of production, the major difference between capitalism and socialism is that capitalism is a system in which people pursue their own self-interests, but socialism stresses an equal distribution of wealth.
<h3>What Is Capitalism?</h3>
Capitalism is an economic theory which describes the situation where the factors of production are firmly under the control of the private sector.
Basically, the capitalist market is driven by the law of demand and supply.
Socialism on the other hand is an economic principle where the factors of production are under the care of the community and each citizen is given only what he or she need at a time.
Learn more about Economic theories at brainly.com/question/14177195
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bottom one which you've ticked is correct
