Question

can some one write a one paragraph on the benefits and problems of capitalism and socialism, and evaluate which system provides the greater overall benefit to society.

Answer 1

Answer: The benefits of capitalism is you can be your own boss Individual values play a huge role it allows more freedom and person initiative , and it prevents large bureaucratic governments. The problem with Capitalism is that he can lead to inequality or things like over production and high unemployment rates. The benefits of socialism is that their is rapid economic growth. Equal distribution and production based on need. The problems are there isn’t much freedom which is loss of personal liberty. Although capitalism is good because you’re basically your own boss but capitalism is like working your way up and pushing others down which cause a lot of inequality and isn’t fair to the lower class . In this case Socialism provides the greater overall benefit to society because more help is being provided and equality to an extent.

Explanation: