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.
it is the France in the american revolutionary war (american war of independence 1775-1783
Enumerated powers are specifically listed in the constitution. Implied powers are not stated specifically but are assumed by the exercise of the enumerated powers.
Answer;
Women were not fully allowed to participate at the convection; this led several key female activists to their focus to women's rights.
Explanation;
Delegates to the 1840 convection in London were united by the common goal of ending slavery in their time. The call for the convection invited delegates from all Anti-slavery organizations. This anti-slavery Convection affected the Women's suffrage movement in that women were not fully allowed to participate in the convection; which led to several key female activists to shift their focus to women's rights.
Answer:
The Colosseum was a games and sports arena where the people of Rome would go frequently to watch entertainments such as gladiator fights, chariot races, and prisoners such as Christian martyrs...
Explanation:
