Pure capitalism can be seen in the US. Businesses are run using capital. Those with the capital have a better edge in running the market. Capital investments, shares, labor, and industries are capital based.<span> The economy gets interconnected with capital. Thus, this makes the US a good capitalist model. However, in this design i</span><span>mprovements and profits are not equalized but heavily competed.</span>
<span>On the other hand in socialism, industries are all nationalized or operated by the government. </span><span> </span><span>The concern of this economic system is to equally divide the wealth among the people.</span><span> </span><span> </span><span>Everything is centered on the government to control.</span>
Answer:
President Richard Nixon was the 37th U.S. President.
Explanation:
Richard Milhous Nixon was the President of the United States. He served from year 1969 to year 1974. The Congress started an impeachment motion against him on record of violation of his powers and comtempting the Congress.
But the white males of the United States were in favor of Nixon. They protest against the impeachment of Nixon. Nixon was focused on the detente with both the countries of China and Soviet Russia. He also signed the Treaty of Anti-ballistic missile.
Answer:
Socialism, in simple terms, is when goods and economics are a shared responsibility for a group of people. The father of socialism would be Karl Max. He's the author of the "Communist Manefesto". Even though socialism and communism are different, he's still best known for the creation of socialism as well as communism.
Explanation:
I hope that helped! ~~ :D
