Answer: Let's start with a definitive description of each.
Capitalism: is a free market economy, where goods and services are produced by private firms. The goods produced are determined by market forces of Demand and Supply.
Socialism: is an economy where each member of the public owns an equal fraction of the means by which goods and services are produced. The goods produced here are determined by the government.
Explanation: I am going to list some of the Advantages and Disadvantages of each so that you can pick the advantages of the system you are supporting and the disadvantages of the other system in your essay.
Capitalism
Advantages:
- It ensures that only the goods needed are produced as the market is controlled by demand and supply.
- It encourages innovation and personal development as better skills and products lead to higher income.
Disadvantages
- It can neglect to produce necessary goods in the economy when focus is only on goods that give the highest return.
- It leads to inequality between the people in an economy.
Socialism
Advantages:
- It leads to equality, people enjoy equal standards of living
- It corrects market problems such as monopolies, price fixing and cartels.
Disadvantages:
- There is an absence of innovation due to lack of competition, so there is no drive to improve on the current goods, services or methods of production.
- It leads to bureaucratic bottleneck as decisions usually have to be taken by several government officials in a bid to ensure that rules are followed.
<em><u>Answer:</u></em>
C) tourism
<em><u>Explanation:</u></em>
From July 19 unt
il August 4, 1996, Atlanta facilitated the Centennial Summer Olympic Games, the biggest occasion in the city's history. Neighborhood pioneers hoped to utilize the exposure to advance Atlanta's picture as a worldwide city prepared to assume an essential job in worldwide business.
As a result, after the Olympic Games Atlanta experienced an increase in tourism.
It was a dumb idea because it was weak and it was depression
Answer:
The Nazi party sought to strengthen the Germanic people, through racial purity and eugenics, broad social welfare programs, and a collective subordination of individual rights, which could be sacrificed for the good of the state on behalf of the people.
Answer:
i dont understand what ur asking me to do can u make a picture please
Explanation:
