All the situations incurred during or after or before the renaissance
Populism rise to promote democratization and to have a government for the people. In Brazil, populism was used by their President Getulio Vargas to be in his place. In Argentina, the government used populism to increase wages but resulted in inflation because of instability to sustain economic reforms to people.
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The correct answer is: Capitalism is a system in which goods are made by private businesses, but socialism stresses government control over production.
In the capitalist system, the means of production are used to generate profits for owners or shareholders. In addition, there is an emphasis on individual earnings and not on benefiting workers or society as a whole.
On the other hand, in the socialist system, the production is adjusted by the State to meet human needs as well as economic demands. It means that only what is useful and necessary will be produced.
