Its either the fist option or the second option, try the second option.
All three are ways of approaching the economic system and how much the government should be involved in that system.
Capitalism involves private ownership of businesses with little to no government interference or regulation. Most countries do not run on laissez-faire capitalism in which there is no gov't regulation. However more run as a blend between capitalism and socialism.
In socialism, the government owns the means of production and sets pricing, wages, quotas, and production. Often managers are government appointed and the workers all receive an equal wage for their work. Cooperation is key to the success of socialism. This is also the step between an overthrow of capitalism to full communism.
In communism, the means of production are owned by the people and the gov't is no longer needed to regulate business and/or wages. It is a complete cooperative state where the workers work for the good of all.
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A counter argument to my thesis would be believing that private citizens and the government should not partake in helping the poor. Some people say that it is up to ones self to become wealthy or not through the efforts they put in. This would also support Laizzes-Faire in which buisnesses and civilians work without government interference.
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<em>HeLLO! :D</em>
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Andrew Carnegie is known as the father of modern steel and was one of America’s richest men. He founded the Carnegie Steel Company, which later became the U.S. Steel Corporation. He retired at the age of 66 and spent much of his vast fortune creating philanthropic organizations dedicated to the causes such as world peace and education.
<em>hope this helps!!!!!!! :D</em>
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I think that Europe stole from the North America back a long time ago. But im not sure. don't listen to me lol :)
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If im correct i hope it helped :)
