I think free enterprise capitalism is a better overall economic system. Socialism is controlled mostly by the government and is planned. Capitalism relies on free market and is more of a supply-demand structure. Property and businesses would be owned by individuals. Since it’s based off supply and demand most businesses would make higher quality thing. Consumers would have the freedom to choose the highest quality thing. On the other hand, socialism would most likely become where the state runs everything produced. To achieve the goal of an equitable distribution of wealth the state would have to interfere in the labor market. I hope this helps you out sorry if there’s some mistakes. Have a good day!
