Socialism 2
There are many ways that countries are run. Obviously, most are run by officials--but what kind of system do they govern by? Some of the most important systems used today are capitalism, socialism, and communism. Capitalism is an economic system in which the means of production are privately owned. Business organizations produce goods for a market guided by the forces of supply and demand. Capitalism requires a financial system that enables business firms to borrow large sums of money, or capital, to maintain and expand production. Underlying capitalism is the presumption that private enterprise is the most efficient way to organize economic activity. Freedom, under capitalism, has only one meaning: freedom form the initiation of force by others. Politically, the root political cause of capitalism is freedom The marketplace is the center of the capitalist system. It determines what will be produced, who will produce it, and how the rewards of the economic process will be distributed. From a political standpoint, the market system has two distinct advantages over other ways of organizi
system because of its dark past, and is very rarely seen in today's world. But if communism were used by non-corrupt leaders who actually knew how to run it correctly, it might be a success. Capitalism, unlike communism, is dependent on private individuals' control of the economy, instead of the governments. That is one of the benefits of capitalism; the success or failure comes from the public's determination to stay in control. Socialism is similar to capitalism, but here, the government own the businesses and therefore runs the economy. ng the economy: (a) no person or combination of persons can control the marketplace, which means that power cannot be monopolized by a certain party or a special interest group; (b) the market system tends to reward efficiency with profits and to punish inefficiency with losses. Economists often speak of capitalism as a communism is generally applied to the Marxist-Leninist political doctrines that guided the USSR until its disintegration in 1991 and that were shared by governments and political parties in eastern Europe, China, and elsewhere. The
Some common words found in the essay are:
, USSR Communism, Eastern Europe, Europe China, Soviet Union, Cuba Vietnam, socialism communism, eastern europe, means production, control socialism, government central, market system,
Approximate Word count = 742
Approximate Pages = 3 (250 words per page double spaced)
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