How do the various economic systems of capitalism, socialism, and communism create economic imbalances between nations?

1 answer:

6 0

The different economic systems around the world are making for a colorful picture when it comes to the economic development and economic power of the nations. The capitalism seems to be the system that works the best when it comes to economic progress, as this system enables the private sector to develop and produce freely, while the consumers are the ones that determine the demand. Also this system is open to the world for trade. The socialism seems to be doing relatively well in modern times, though it is a system that restricts the trade and usage of the most important natural resources. This makes the economy stable, but it doesn't progress as quickly as the capitalism. The communism tends to be the one that is the most restrictive and damaging form what has been seen by now. The economy is closed, everything is produced and consumed by projections made from the government. This leads to stagnation, and often big problems because of bad estimates, thus this type of economy is often on the verge of bankruptcy.

You might be interested in

Consider this living plant a system. To be alive, the plant needs energy. As a plant, it produces its own usable chemical energy

Rama09 [41]

Answer:

oxygen

Explanation:

6 0

2 years ago

A generally accepted understanding of "comparative politics" is that it is a method of explaining similarities and differences b

ch4aika [34]

Answer:

Comparative politics is investigating internal processes within countries or political entities by comparing their characteristics according to a specific model. Though it can potentially address a wide range of aspects, comparative politics is most widely applied to such issues as politics of democratic and authoritarian states, political identity, regime change and democratization, voting behavior and a number of others.

Comparativists often ask how certain processes, for example, democratization, differ in specific states that still can be placed under the same analysis because they share certain characteristics.

Following the democratization example, let us take post-soviet countries. Comparativists may take most similar countries that share many similarities, such as Baltic states (Estonia, Latvia, Lithuania), or most different countries, such as Estonia and Belarus. Here comparativists may ask, why Estonia developed a strong democratic regime, while Belarus fell into a consolidated authoritarian regime.

4 0

2 years ago

Which best explains what happens when scientific theories do not stand up to repeated experimentation? they remain theories but

kifflom [539]

The answer is "the theories change to fit current data".

The meaning of a theory is a plan to clarify something, or an arrangement of leading standards. In science a theory is an all around substantiated clarification of some part of the common world, natural world, in light of an assemblage of realities that have been over and over affirmed through perception and examination.

5 0

2 years ago

Read 2 more answers

Stephan is 5 years old, and is able to put moderate-sized jigsaw puzzles together with the help of his older brother. If he trie

otez555 [7]

Answer:

Zone of proximal development

Explanation:

Zone of proximal development is a stage in a child's development, where the child is provided support to perform a task. It is a level in a child's development which is between the actual development and potential development. This joint learning activity is usually between the child and an older person, who acts as an educator.

Stephen had unsuccessful attempts in assembling the moderately sized jigsaw puzzles on his own and with the help of his older brother he assembled it. Here Stephen engages in joint activity with the brother to solve the puzzle and he falls in the zone of proximal development

3 0

3 years ago

Para que sirve la investigación científica en las ciencias sociales

Juliette [100K]

Answer:

La investigación social permite nuevos conocimientos o estudia una situación social para diagnosticar necesidades y problemas con el propósito de aplicar los conocimientos con fines prácticos de todos los tiempos (investigación aplicada).

Explanation:

7 0

3 years ago