which economic system is better : socialism or capitalism? Give reasons to support your answer.
Answers
Capitalism & socialism are both not that good. But i'd prefer to live in a socialist country. Socialism is missing the motivation that capitalism has for innovation and personal gain, but socialism focuses more on keeping every one in the country equal and alive. Capitalism is more for the individual and the people that want to be rich. Neither Socialism or capitalism are good systems, we really need a new system that is better
History has shown Look at history. All socialist states/countries limit freedoms of individuals. Take away incentive to be productive. Take away a chance to become more or better and eventually fail. Look at China. Outside communist. Inside becoming capitalist. I predict they will move to a free market society as more citizens want to be able to have and do more.
Answer:
this is according to me you can write your own choice
Explanation:
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