I believe that in accordance to minimum wage the courts should be involved as well as in safety issues and regulations.
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.
It was the only one-on-one carrier battle, but even though it was a draw, the Allies stopped the Japanese advance.
a. Galileo Galilei is correct. He is credited with improving the telescope and advocating the theory of a sun-centered solar system.
