So capitalism has the tendency to allow free trade. Corporations get more power and pay less taxes.
In a socialist economy the economy is controlled by the country. There are corporations but they have to pay more taxes, they can only import or export a certain amount of wares. There are more public institutions in socialist countries whereas institutions tend to be private in capitalist countries.
Let me make an example: Tunisia has a socialist economy because every barber has to charge you 4$ for their job. No more, no less^^ Why? Because the country decides how much a barber should charge. That means there is less competition and every barber gets paid equally for their job.
1. Ceasar Agustus
2. Ceasar Tiberius
3. Ceasar Caligula
4. Ceasar Claudius
5. Ceasar Nero
6. And Ceasar Salad
lol, kidding... hope this is helpful!
Relief for the unemployed and poor, recovery if the economy back to normal levels, and to reform the financial system to prevent a repeat depression.
