Capitalist economic systems are typically more productive in the amount of resources they develop.
In a socialist economy, the government controls the means of production. This means they would determine how many goods/resources are needed for their citizens. However, in a capitalist society, the amount of goods/resources produced is dependent on the wants of the consumer. This allows businesses to curtail their production to the needs of the citizens rather than the government.
The Cold War border between democratic Western Europe and Communist Eastern Europe
Some negative effects of the industrial revolution towards society was that kids were working in factories at a young age which lead to lack of education and injuries. The environment was getting negatively influenced due to the increase of factories. The economy grew tremendously though so that was a positive outcome. Also jobs became plentiful which made it easier for women to work outside of home.
