Question

Which economic system was created as a reaction to the unequal distribution of wealth in capitalism?

Answer 1

Answer: The political and economic doctrine known as Socialism.

Explanation:

In addition to being a political doctrine, socialism also considers the economic factors of society. Socialism is a response to the unequal distribution of capital and money in the capitalist system. The creators of the idea of economic socialism and socialism, in general, are Friedrich Engels and Karl Marx. Unlike capitalism, socialism has the economic understanding that the state should own factories, but workers should own that profit. Thus socialism rejects private property to the extent that it supports capitalism as an economic doctrine.