Question

25 POINTS AND BRAINLIEST! I NEED THIS NOW PLEASE HELP!!!!!!!

Answer 1

Answer:

1) Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.[1][2][3][4] Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.

2) Socialist systems are divided into non-market and market forms.[15] Non-market socialism substitutes factor markets and money with integrated economic planning and engineering or technical criteria based on calculation performed in-kind, thereby producing a different economic mechanism that functions according to different economic laws and dynamics than those of capitalism.

3) communism grew out of the socialist movement in 19th-century Europe. As the Industrial Revolution advanced, socialist critics blamed capitalism for the misery of the proletariat—a new class of urban factory workers who labored under often-hazardous conditions. Foremost among these critics were Karl Marx and his associate Friedrich Engels. In 1848, Marx and Engels offered a new definition of communism and popularized the term in their famous pamphlet The Communist Manifesto

I really hope this helps because i had the same questions on a hw last year and i got it correct, stay safe!

Answer 2

Answer:

1.) Adam Smith

2.) The Government and Society

3.) Karl Marx and Friedrich Engels