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:
a US gov agency after the civil war to provide food, housing and medical aid, established schools and legal assistance. It also tried to settle former slaves on Confederate lands confiscated during the war.
Explanation:
Answer: The hills provided a natural defense.
Rome was built on seven hills, all of which lie within the walls of the city. These are located east of the river Tiber, and they are the Aventine Hill, the Caelian Hill, the Capitoline Hill, the Esquiline Hill, the Palatine Hill, the Quirinal Hill, and the Viminal Hill. Other hills that are close to the city but not usually counted within the traditional group are the Vatican Hill, the Pincian Hill and the Janiculum Hill. The most likely reason for choosing this location for the city is that the hills provide a natural defense against invasions and attacks.
Answer:
Temperature of the air in the air mass
Explanation:
Answer:
D. Mitchell is angry that Paul has privileges that he does not.
Explanation:
Trust.
