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The major differences between capitalism and socialism are established around the role of the government and equality of economics. Capitalism affords economic freedom, consumer choice, and economic growth. Socialism, which is an economy controlled by the central state, provides for a greater social welfare and decreases business fluctuations.



One of the bigger advantages to capitalism is consumer choice, which not only lets people decide what they want, but also leads to more competition among companies, which in turn leads to better products and service. Another point is that goods and services that are produced based on consumer choice create incentives to cut costs and avoid unnecessary waste.



Now, some of the disadvantages of capitalism is a chance of a monopoly of companies with monopoly power, which means they can abuse their power and charge higher prices than what was originally charged. Another disadvantage is inequality, if a capitalist society is based on the right to pass down wealth from generation to generation, and only a small group of people are holding onto the wealth, it continues to be passed down to the same small group of individuals. In turn, social inequality and social division take place.



A big advantage of socialism is that the citizens are equals and the wealth that is earned by employees is distributed equally among people. Not only that, but the government insures fairness in resources, utilization and distribution. Socialism also diminishes class distinctions, so there is no longer middle class, lower class, or higher class, and all of peoples basic needs are met in a socialist economy including but not limited to, shelter, education, and healthcare.



The disadvantages of socialism include, government inefficiencies, when the government owns all of the resources, workers can lack the motivation or incentives to work hard. When people are working for the state or a business they typically are trying to move higher up in the company, and earn more money by getting promoted. When there is no motivation for a greater reward, people can lose the incentive to work as hard as they once did. Another disadvantage is higher taxes, which may decelerate economic growth.



In conclusion, I believe that capitalism provides a greater benefit to society. Not only is consumer choice important but so is economic growth. Though there may be some downsides to capitalism, like monopolies. In my opinion, it benefits the people greatly and gives people freedom to choose.

Answers

Answer 1
It looks good change socialism to communism it sounds more perfessional i think
Answer 2

Overall, your paper covers the major differences between capitalism and socialism and presents some advantages and disadvantages of each economic system.

However, there are a few areas where you might want to consider making some improvements:

1. **Provide Clear Definitions:** In the opening paragraph, consider providing more precise definitions of capitalism and socialism. You mention "economy controlled by the central state" for socialism, which is one aspect of socialism but not the whole definition. Similarly, clarify what you mean by "economic freedom" in capitalism and how it relates to consumer choice and economic growth.

2. **Supporting Evidence:** To strengthen your arguments, consider incorporating more concrete examples or statistical data to support your points. For instance, you mention that capitalism leads to better products and services due to consumer choice, but including specific examples of successful competition driving innovation would make your point more convincing.

3. **Address Counterarguments:** To make your paper more well-rounded, acknowledge and address potential counterarguments. For example, in your section on socialism, you mention that the government ensures fairness in resource distribution. However, some critics argue that central planning can lead to inefficiencies and misallocation of resources, so it's essential to acknowledge such perspectives.

4. **Elaborate on Socialism Advantages:** In the section discussing the advantages of socialism, you focus on equality and meeting basic needs. While these are important points, consider expanding on other potential advantages, such as collective decision-making, reduced income inequality, and the potential for a more stable economy.

5. **Neutral Tone:** It's important to maintain a neutral tone in academic writing. Avoid phrases like "I believe" and "in my opinion." Instead, state the arguments objectively, and let the evidence and analysis speak for themselves.

6. **Conclusion:** In the conclusion, briefly summarize the main points discussed in the paper without introducing new information. Avoid using phrases like "I believe" and focus on reiterating the key points you made.

Remember to cite your sources if you used any references in your paper and proofread carefully for grammar and clarity. Overall, your paper is a good starting point, and with some improvements and further elaboration, it can become even stronger.

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Related Questions

C
This symbol represents which monotheistic religion? (5 points)

Answers

Christianity I believe, Is the symbol C?

According to the Fugitive Slave Act, Black people
were entitled to trial by jury.
were not allowed to testify in court.
could make their case to a judge.
could not be kidnapped by enslavers.

Answers

Answer:

b

Explanation:

took it on edg:)

Answer:

Its B on edge

Explanation:

Choose the right word to complete the sentence. a general economic slowdown is called a .

Answers

A general economic slowdown is called the recession. It is the third phrase of the business cycle that indicate the there is the declining in then economy.

What is recession?

Recession is the third phrase of the business cycle, it is also called the contraction. This phrase is coming after the peak condition of the economy.

After the phrase of recession, There is the last phrase called the trough, which is the very bad economic condition that indicated that there is more supply than demand, means there is the excess supply.

Therefore, the recession indicates the economic slowdown, this arises when the consumer realizes their savings.

Learn more about the business cycle, refer to:

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Answer:

First Answer: B. recession

Second Answer: B. bad loans made in the housing market

Which of the following words are synonyms and which are antonyms for the word disappearing? Drag each word to the correct group. HELP PLSSSSSSSSSSSSSSS ILL GIVE BRAINLIESTTTTT

Answers

Answer:

I just did the test right now in  the answers are

Explanation:

    synonyms

vanishing

receding

      antonyms

appearingcoming

Answer:

The other person is right

Explanation:

synonyms: vanishing receding

antonyms: appearing coming

How do the clashes of ideology impact governments and how people live

Answers

Clash of Ideologies:
Communism, Islam, and the West
by John Walker
5th December 2015
Islam and CommunismFor much of the 20th
century, and especially after the end of World
War II and the emergence of the Cold War,
an ideological struggle existed between
communism in its various forms (Soviet,
Maoist, etc.) and the Western ideals of
consensual government, economic freedom,
and individual liberty. This conflict was
waged in many ways and on many levels: in
explicit military confrontation in conflicts such
as Korea and Vietnam, in proxy wars in Africa
and Latin America, in quests for prestige
such as the space race, and in propaganda
and efforts to influence popular opinion.
defeated was the ideology of communism.
By whatever means, individual liberty, self-
determination, and economic freedom must
triumph in every way over collectivism,
tyranny, and enslavement to the state.

After World War I, U.S. industries focused on:
A. Selling goods to American consumers.
O B. Promoting regional differences.
C. Improving trade with Europe.
D. Decreasing consumerism.

Answers

Answer: i think d

Explanation:

correct me if i am wrong

Answer:

For me the answer was A

What does this event tell you about the protest movement in general?

Answers

Answer:

There's no thing such as young, old or adult, as long as you get on their way, you'll always be the one who's wrong. This student fought for what he/she thinks is right, and killing him/her makes the government a coward.

This represents a dis respect of protestants and humanity

Those students were protesting against some violation such as Cambodian war .In order to ruin the protest the police fired bullets.Some students died .This is a Borden over humanity

Who was the United States commander of the Allied forces in Europe? Eisenhower Truman Churchill MacArthur

Answers

Answer:

Dwight D. Eisenhower

Explanation:

Dwight D. Einsenhower, as supreme commander of Allied troops in Western Europe during World War II, commanded the huge invasion of Nazi-occupied Europe that began on D-Day, June 6, 1944.

Describe some of the characteristics of the Middle Ages. give 3 ways

Answers

Answer:

migration of people, invasions, population distribution, and deurbanization

Explanation:

see answer

Who was the chief organizer of the spy ring that passed secrets to the Soviets through Klaus Fuchs?

Julius Rosenberg
David Greenglass
Morton Sobell
Harry Gold

Answers

Answer:

David Greenglass

Answer:

Who was the chief organizer of the spy ring that passed secrets to the Soviets through Klaus Fuchs?

Explanation:

I got it right on the test.

Which federal government position did Alberto Gonzales take on in 2004?


a. speaker of the house


b. secretary of state


c. FBI director


d. attorney general

Answers

Answer:

d. attorney general

D. attorney general

Which did President Carter do in his attempt to free American hostages taken by Iran?

Answers

Answer:

With the Iran Hostage Crisis stretching into its sixth month and all diplomatic appeals to the Iranian government ending in failure, President Jimmy Carter ordered the military mission as a last ditch attempt to save the hostages.

5.02: Constitutional versus Absolute Monarchies
-What are the differences between absolute monarchs and constitutional monarchs?




-Why might an absolute monarch claim divine right?


-In what part of Europe were absolute monarchies more popular? Why do you think that was?


-What pushed citizens to replace their absolute monarchies with constitutional monarchies?



-What is the most common way that citizens were able to change their absolute monarchies into constitutional monarchies?



-What was happening in England during the late 1680's?








5.03: The Scientific Revolution
-How did the idea of humanism lead to the Scientific Revolution?


- Why did the Church think that science was a challenge to their authority?


-Describe the main achievement of each male scientist:
-Ptolemy:

-Copernicus:

-Galileo:

-Keplar:

-Bacon:

-Descartes:

-Newton:

-Describe the main achievement of each female scientist:
-Ana de Osorio:

-Margaret Cavendish:

-How did the work of Andres Vesalius and William Harvey change our understanding of the human body?



5.04: Modern Science
-Describe 4 Innovations, Ideas, or Inventions in Modern Science: (Include the scientist responsible)





5.05: The Age of Enlightenment
-What were 3 events or ides that lead to the Enlightenment?
1)

2)

3)

-Describe the main idea of each philosopher:
-Thomas Hobbes:

-What is a social contract?:

-John Locke:

-David Hume:

-Adam Smith:

-Baron de Montesquieu:

-Denis Diderot:

-Voltaire:

-Jean-Jacques Rousseau:

-What were some of the effects of the Enlightenment? Include at least 3


5.06: Developing a National Identity
-Describe three causes for the French Revolution:
1)


2) The Enlightenment and American Revolution:


3)


-Describe three events during the French Revolution:
1)


2)


3) Committee for Public Safety and the Reign of Terror:


-Describe three effects of the French Revolution:
1)


2)


3) Napoleon Bonaparte:


-What did Napoleon do once he was in power?


-How did Napoleon lose power?

Answers

This is the worse assignment. I’m really sorry about this!!

Absolute monarchy is undemocratic monarchy and Constitutional monarchy is liberal monarchy. Monarchs claimed to have no earthly authority an absolute monarch claim divine right.

What is monarchs?

Monarchy refers to the system's political power. The king ruled as the system's head. There are two types of constitutions: constitutional and absolute. Monarchy was the earliest form of government. That was the monarchy or empire. There are the three kinds of rulers, sovereigns, and Lords.

In Europe were absolute monarchies more popular in Medieval period. The power of democracy is the transubstantiation of a nation from an absolute monarchy to a constitutional monarchy. The Glorious Revolution was the happening in England during the late 1680s.

As a result, the significance of the monarchs are the aforementioned.

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What nation did Joseph Stalin lead?

Answers

Communist Russia is the nation he led

Can someone please help me? :(

Answers

Answer:

A

Explanation:

I took the test lol

Answer :

I think its B.

Explanation:

What compromises did the
Convention delegates reach when planning for
the legislative and executive branches?

Answers

respect each other's company and the good news

The preamble to the United States Constitution reflects which concept outlines by the Declaration of Independence?

Answers

Answer:

Popular Sovereignty

Explanation:

Hope this helps! Please let me know if you need more help or think my answer is incorrect. Brainliest would be MUCH appreciated. Have a great day!

Answer: Popular Sovereignty

Explanation:

how did the government impact native american lives

Answers

Answer:

For most of the middle part of the 19th century, the U.S. government pursued a policy known as “allotment and assimilation.” Pursuant to treaties that were often forced upon tribes, common reservation land was allotted to individual families.

Explanation:

I researched it :)

The civil rights act of 1968 focused on what primary issue?.

Answers

Answer:

The Fair Housing Act of 1968 prohibited discrimination concerning the sale, rental and financing of housing based on race, religion, national origin

The civil rights act of 1968 focused on outlawing prejudice in the purchase, leasing, and refinancing of real estate on the basis of race, creed, nationality, gender, handicapped, and family situation.

What is the civil rights act?

Rep. Manny Celler sponsored the measure in the House. Harassment in houses for sale and rental was prohibited by this. This law was one of several new types of legislation that promoted black separation in America. The act was a crucial measure of legislation that guaranteed increased full equality for blacks.

This act was created with the intention of banning inequality in the US on the basis of race, ethnicity, creed, or nationality. The statute empowered federal criminal justice organizations to stop racial discriminatory practices, voting, and access to public spaces.

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Leaving las vegas was one of the earliest songs by which artist?.

Answers

Answer:

SHERYL CROW!

Explanation:

Explain the opposing claims about kwame Nkrumahs legacy voiced in the video

Answers

When a person makes an opposing claim, this is usually known as a counterclaim.

What is a Claim?

This refers to the statements and assertions that are made about a particular thing that might or might not be true.

Hence, for example, if a person says that the US is the most literate country, this is a claim that may be true or not, but he needs to provide supporting details such as statistical data to validate the claim.

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How did world war ii affect the power of western imperialist nations?.

Answers

Answer:

World war 2 era marked the end of colonialism. If you look at what happened after ww2 you'll see that both in Africa and in Asia, new countries were born from French and British colonies.

This is a direct consequence of the USA being the western superpower, she obliged her former allies to free their colonies. On one hand that has to do with their history, that is to say, a republic born after fighting a king. But it also has an economic explanation; independent countries will probably buy more American goods than colonies.

That worked fine in some countries (Egipt, Irán, India) but did not work at all in others: Vietnam, Iraq, Siria, Uganda, etc.

Finally, all this happened because European colonialist countries did not have any power to achieve any different deal with the USA.

Which is one way the U.S. government responded to the fear of nuclear war in the postwar years? The United States signed a treaty with the Soviets that outlawed nuclear weapons. The military built missile facilities in Cuba to deter attacks from Soviet warships. The government built detention centers to imprison Russians living in the United States. The government launched programs to investigate suspected communists.

Answers

The fear of nuclear war in postwar led the U.S. government launch of programs to investigate suspected communists.

What is the postwar event?

Aftermath the Cold war, the United State had to investigate suspected spread of communism idea among its citizen.

Thus, this fear of spread of communism which will promote a nuclear war in postwar led the U.S. government launch of programs to investigate suspected communists.

Therefore, the Option D is correct

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Answer:

Your answer is: D) The government launched programs to investigate suspected communists.

Explanation:

How did the immigration act of 1965 change u. S. Immigration policy?.

Answers

Answer:

The law abolished the National Origins Formula, which had been the basis of U.S. immigration policy since the 1920s. The act removed de facto discrimination against Southern and Eastern Europeans, Asians, as well as other non-Western and Northern European ethnic groups from American immigration policy.

Explanation:

hope this helps

Evaluating information sources is a skill that can be used over the course of a lifetime for any personal or professional need.


True


False

Answers

Answer:

True answer

Explanation:

Answer:

True

Explanation:

Your Welcome

Who from the United States did Hitler attract?​

Answers

Answer:

Reichstag

I wish you luck!

-MitsubaKun

Why did women form the overwhelming majority of those who fought in the Temperance Movement?

Answers

Answer:

Women's involvement seemed natural since the movement targeted men's alcohol abuse and how it harmed women and children. At first, the Temperance Movement sought to moderate drinking, then to promote resisting the temptation to drink. Later, the goal became outright prohibition of alcohol sales.

The Hutterites were settled in:

Primavera
Filadelfia
Asuncion
Encarnacion

and

The Mennonites settled in:

Filadelfia
Encarnacion
Asuncion
Primavera

Answers

The Hutterites were settled in Primavera, while the The Mennonites settled in: Asuncion.

Who were the Hutterites?

This is a term that is used to refer to an ethno religious group during the periods of the reformation. The group are Anabaptists.

Who were the Mennonites?

These were also a group of Anabaptists that are known to have originated from Switzerland.

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The entombment by pontormo above the altar in capponi chapel in florence. people in bright colored clothes hold jesus after he comes off the cross. what are some of the inconsistencies depicted in entombment? (above) a. the use of colors does not have reason. b. some of the figures are pressed into the foreground, while others seem to levitate. c. it is not clear what scene is depicted in this image. d. all of the above

Answers

Some of the inconsistencies depicted in entombment are the figures that are pressed into the foreground, while others seem to levitate. Option b is correct.

What are the depicted inconsistencies?

The Deposition from the Cross is an altarpiece depicting Christ's Deposition by Italian Renaissance painter Jacopo Pontormo.

The picture was painted in the year 1528. It is largely considered to be the artist's most well-known piece. Some of the characters appear to float, while others are pushed into the foreground.

Therefore, option b is correct.

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Option B. some of the figures are pressed into the foreground, while others seem to levitate.

will give 100 points


Imagine you are a youth living in the transition zone. If you are female, you dress in the traditional colorful clothing worn by women (a blouse, a wraparound skirt, and a headdress made from a long winding cloth). If you are male, you wear a round, closely fitting hat and a shirt and slacks beneath a flowing robe. You come from a rural village in the state of Oyo and belong to a traditional African religion. Now imagine living out one of the following scenarios. Describe your thoughts in a story three or more paragraphs in length.
You have recently left your rural home to live in the city. In your story, explain your day to day struggle to survive in the city; what you see, hear, smell; what type of work you do or will do; and your feelings about family and friends you left behind in the village.
You are spending a year doing community service in a region of other than your own. In your story, include what you are doing for the community, with whom you are working, and what specific events have helped you develop a spirit of self- reliance.

Answers

Answer:

If there is one type of clothing that has had a rich history through the ages, it is most definitely the skirt. From the straw-woven skirt dating back to 3900 BC in Armenia up to the array of maxis, midis and minis (and everything in between) available nowadays, skirts have dominated women’s wardrobe. Despite starting as a standard garment for both men and women in all ancient cultures such as Asia and Egypt, the skirt went on to become a wardrobe essential for women in Western Europe and the Americas. Here we take a deeper look at the fascinating history of skirts – from their early beginnings to the styles that have become firm favourites among women of all ages.

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