History, 25.02.2020 16:56 LizzieS8167

An outline for an argumentative essay about capitalism and socialism

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Answer from: scl

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 livingIt 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.

Answer from: Quest

answer; /// the correct answer is evidence of the olmec civilization has been found in southern american in a hot steamy forest, archaeologists have found earthen artifacts at several sites that were evidence of the olmec civilization. these artifacts were mounds,courtyards and pyramids build of stones, also on top of the mounds were many monuments made of stone, some of these stone structures are very large, they weigh as much as 44

Answer from: Quest

the answer is option a.

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