Geography played an incredibly important role in the development of Greek society since Greece's position directly on the Mediterranean Sea made for a very advantageous trading port, which was used to trade with a variety of other states and led to an increase in GDP.<span />
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➷ One benefit of voluntary trade during India's Vedic Age is that it led to developed social connections with the wider community. Also, they only traded and bought things that benefited them (boosting their economic growth.) It also gave people the freedom to buy and sell only when they deemed it fit. This helped India as they had a weak economy at the time so voluntary trading helped the economy to grow.
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Answer: Let's start with a definitive description of each.
Capitalism: is a free market economy, where goods and services are produced by private firms. The goods produced are determined by market forces of Demand and Supply.
Socialism: is an economy where each member of the public owns an equal fraction of the means by which goods and services are produced. The goods produced here are determined by the government.
Explanation: I am going to list some of the Advantages and Disadvantages of each so that you can pick the advantages of the system you are supporting and the disadvantages of the other system in your essay.
Capitalism
Advantages:
- It ensures that only the goods needed are produced as the market is controlled by demand and supply.
- It encourages innovation and personal development as better skills and products lead to higher income.
Disadvantages
- It can neglect to produce necessary goods in the economy when focus is only on goods that give the highest return.
- It leads to inequality between the people in an economy.
Socialism
Advantages:
- It leads to equality, people enjoy equal standards of living
- It corrects market problems such as monopolies, price fixing and cartels.
Disadvantages:
- There is an absence of innovation due to lack of competition, so there is no drive to improve on the current goods, services or methods of production.
- It leads to bureaucratic bottleneck as decisions usually have to be taken by several government officials in a bid to ensure that rules are followed.
You didn't include options but here's the jist - there were many casualties, cities and towns were left in ruins, national identities across Europe were in shambles.
It says don't ask what your country can do for you, he's basically saying don't ask for benefits or anything do something great for the country instead of asking other people
