Write an essay and discuss the benefits and problems of capitalism and socialism, and evaluate which system provides the greater overall benefit to society.

The capitalism and socialism are political ideology as both oppose one another based on the economy and the role of the government.

Therefore we can conclude that there are benefits and problems in both of the ideology system.

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Capitalism and socialism represent opposing school of thought and their central ideas are based on the role of government in the economy and economic equality among the citizen.

WHAT IS SOCIALISM ?

Socialism refers to an economic and political system in which all factors of production are owned and controlled totally by the people. Socialism is based on economic and political theories that argues that production and distribution of goods and services are the sole responsibility of the people. The theorist does not believe there should be privately owned property, it should be owned by the community. In a socialist economy everything the people produce is a social products and it is distributed to all citizens that participated in the production process.

Furthermore, in a socialist economy, the basic needs of the people are met, basic needs like shelter education, healthcare economic security etc. The government managing the resources of the people can engage in the production of goods and services that is needed by the people even if its not profitable.

BENEFITS OF SOCIALISM

-The citizens are equals and the wealth generated by employees is distributed equally to everyone

- The government ensure fairness in resources utilization and distribution

-It diminished or eradicate class distinctions, between the lower class and higher class.

PROBLEMS OF SOCIALISM

- Government ownership of resources leads to inefficiencies , since workers lacks the motivation or incentives to work hard.

- Socialism requires high taxes that may decelerate economic growth.

WHAT IS CAPITALISM?

Capitalism is a system of government in which the private individuals play a vital role in deciding what to produce , how much to produce , and when to produce, Leaving the cost of goods and services to market forces. When an individual spot an opportunity in the market place, they rush to fill the vacuum.

Capitalism focus on a free market economy, meaning an economy that distributes goods and services according to the laws of demand and supply. Furthermore capitalism is the free operation of the capital markets. Private enterprise operate and owns the means of production for a profit.

BENEFIT OF CAPITALISM

- consumers tend to enjoy wider choice of products and services to choose from since the system allows competition.

- Greater incentives to work hard since they enjoy the profits generated from owning the means of production.

- Greater market efficiencies since business find innovative means on cutting down cost as well as retaining product quality.

PROBLEMS OF CAPITALISM.

-It allows the creation of monopoly in the supply of goods and services. They tend to charge higher prices at the consumer expense.

-It breeds class distinction between the owners of the means of production and the workers.

None of the schools of thought fully provide overall benefits to the society, however, socialism can still be regarded as one that provides greater benefits to the young, old, rich , poor and the sick, they are all equal, and the society can provide for them equally and the society is free from oppression.

freeborn women in ancient rome were citizens (cives), but could not vote or hold political office. because of their limited public role, women are named less frequently than men by roman historians. but while roman women held no direct political power, those from wealthy or powerful families could and did exert influence through private negotiations. exceptional women who left an undeniable mark on history range from lucretia and claudia quinta, whose stories took on mythic significance; fierce republican-era women such as cornelia, mother of the gracchi, and fulvia, who commanded an army and issued coins bearing her image; women of the julio-claudian dynasty, most prominently livia (58 bc-ad 29), who contributed to the formation of imperial mores; and the empress helena (c.250–330 ad), a driving force in promoting christianity.

women in the ancient greek world had few rights in comparison to male citizens. unable to vote, own land, or inherit, a woman’s place was in the home and her purpose in life was the rearing of children. this, though, is a general description, and when considering the role of women in ancient greece one should remember that information regarding specific city-states is often lacking, is almost always from male authors, and only in athens can their status and role be described in any great detail. neither are we sure of the practical and everyday application of the rules and laws that have survived from antiquity. we do know that spartan women were treated somewhat differently than in other states. for example, they had to do physical training like men, were permitted to own land, and could drink wine.

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