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.
Answer:
On July 11, 1804, Alexander Hamilton and Aaron Burr met on the dueling grounds at Weehawken, New Jersey, to fight the final skirmish of a long-lived political and personal battle. When the duel was over, Hamilton would be mortally wounded, and Burr would be wanted for murder. Hamilton was a Federalist.
Answer:
All legislative bodies of the provisional and regular governments appointed committees to frame a colonization law, but the first such law was that passed by the Junta ...
Answer:
I am pretty sure its Economic reasons.
Explanation:
Well Thomas Hobbes and John Locke had a few key beliefs that where different. One was why was Government important, Hobbes believed it was supposed to protect us from ourselves while Locke believed that they were supposed to protect our belongings. Another was who had the Sovereignty. While Locke believed that was the people, Hobbes believed it was the monarch. Another was the argument of limited government, Hobbes believed that the government should have no limits and Locke believed they should. And the last key one was that of the right of revolution, meaning if the government went out of line the people could revolt and ‘start over’, Locke believed this to be true while Hobbes did not.
The did however agree on there is no such thing as Divine Right, which is that God gives the power of the throne, and the ‘State of Nature/War’ meaning that humans can and will be naturally violently times.
I hope this helped!
