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.
He reluctantly accepted the job as a Governor. <span />
It provides detailed insights into life and death in ancient europe.
Answer:
Over $3.5 billion was spent on Japanese companies, peaking at $809 million in 1953, and the zaibatsu went from being distrusted to being encouraged.
Explanation:
The outbreak of the Korean War boosted Japan's economy as Japan became the supplier of goods needed for war. Payments from the US government bolstered the Japanese economy, amounting to 27 percent of Japan's total export trade.
Answer:
Huge debt
Explanation:
The new nation faced economic and foreign problems. A huge debt remained from the revolutionary war and paper money issued during the conflict was virtually worthless.
