If someone asked you to explain the differences between capitalism and socialism, how would you answer him/her?

Capitalism is based on individual initiative and favors market mechanisms over government intervention, while socialism is based on government planning and limitations on private control of resources.

The terms capitalism and socialism are both used to describe economic and political systems. On a theoretical level, both of these terms also describe specific schools of economic thought. One of the most fundamental differences between the systems of capitalism and socialism lies in the scope of government intervention within an economy.
The capitalist economic model relies on free market conditions for the creation of wealth. The production of goods and services is based on supply and demand in the general market. This economic structure is referred to as a market economy.
In a socialist economic model, the production of goods and services is either partially or fully regulated by the government. This is referred to as central planning, and the economic structure that is created is known as a planned economy or a command economy.
The capitalist economic model relies on free market conditions for the creation of wealth; the production of goods and services is based on supply and demand in the general market.
In a socialist economic model, the production of goods and services is either partially or fully regulated by the government; this is referred to as central planning, and the economic structure that is created is known as a planned economy or a command economy.
Most countries are mixed economies, falling somewhere on the spectrum between pure capitalism and pure socialism.
In a capitalist economy, property and businesses are owned and controlled by individuals. The production and prices of goods and services are determined by how much demand they generate and how difficult they are to produce.
In a capitalist economy, property and businesses are owned and controlled by individuals. The production and prices of goods and services are determined by how much demand they generate and how difficult they are to produce.
This emphasis on efficiency takes priority over equality. An equal distribution of goods and services among all members of a society is of little concern within a capitalist system. According to the economic theories that underpin capitalism, inequality is the driving force that encourages innovation, which results in economic development.
In a capitalist economy, the state does not directly employ the workforce. This leads to high levels of unemployment during times of economic recession. In a socialist economy, the state owns and controls the major means of production. In some socialist economic models, worker cooperatives own and operate the primary means of production. A worker cooperative is a firm that is owned and self-managed by its workers. Other socialist economic models allow individual ownership of enterprise and property, albeit with higher taxes and a higher degree of government controls.
The primary concern of the socialist model of economics is an equitable distribution of wealth An equitable distribution of wealth is meant to ensure that all members of a society have an equal opportunity to attain certain economic outcomes. To achieve this, the state intervenes in the labor market.
In a socialist economy, the state is one of the primary employers. During times of economic hardship, the socialist state can order hiring, so there is close to full employment even if workers are not performing tasks that are particularly in demand from the market.
In addition to capitalism and socialism, the other major school of economic thought is communism. Many tenets of communism and socialism stand in opposition to capitalism, but there are important distinctions between socialism and communism.
Most modern economies are mixed economies. This means they exist somewhere on a continuum between pure capitalism and pure socialism, with the majority of countries practicing a mixed system of capitalism wherein the government regulates and owns some businesses and industries.
In the purest form of a capitalistic system (sometimes referred to as laissez-faire capitalism), private individuals are unrestrained, and the economy operates without any government checks or controls. Private individuals and businesses may determine where to invest, what to manufacture and sell, and the prices of goods and services.
In a purely socialist system, all means of production are collective or state-owned.
Some countries incorporate both the private sector system of capitalism and the public sector enterprise of socialism to overcome the disadvantages of both systems. In these economies, the government intervenes to prevent any individual or company from having a monopolistic stance and undue concentration of economic power. Resources in these systems may be owned by both the state and by individuals.

What caused the global depression? Who is at fault?

Which of the following best explains the importance of the English Bill of
Rights?
A. It declared the independence of British citizens from Parliament
and from the monarchy.
B. It established a way for the British monarchy to evade the wishes
of Parliament
c. It separated the powers of the British government and was used
as a model for the United States Constitution.
D. It guaranteed that England's monarchs had no control over certain
aspects of citizens' lives.

The minutes of the Wannsee Conference said that is any jew survived the harsh conditions, they would be "treated accordingly." What did "treated accordingly" imply?
A. appeasement of the jews
B. extermination of the jews
C. emancipation of the jews
D. deportation of the jews

ANSWER: B. extermination of the jews

Which case would most likely be heard by the U.S Supreme Court?

A lawsuit to stop construction of a new highway near an elementary school
An appeal of a murder conviction
A case in which a defendants rights are denied and the case is further appealed
A company in Maryland suing a man over a contract dispute about missed payments

What human characteristics does Ghana share with nearby regions or countries

Which of the following is NOT a goal of the United Nations?

World Peace
International cooperation
Discussing international issues and affairs
creating one large nation by combining all others

Complete the following sentence.

Hitler persuaded President Hindenburg to pass the Fire Decree as a result of _. The Fire Decree led to _.

Answer: burning of the Reichstag, restrictions in freedom of speech

Who was involved in battle of Jutland

This type of control used by European nations during imperialistic colonization was a type of limited self-rule for local governments and Europeans relied on existing political rulers to accept the outside country’s control and to train local leaders in the British or European method of government.
Group of answer choices

paternalism

indirect control

How did economic and social reforms by Diocletian and Constantine affect the Roman Empire?

How Did Geography Affect Native Americans?

3a) Who did Jews believe the Messiah was?
I

I need to write a general sentence about the American dream. Can someone help me?
In 1931, the American historian and writer James Truslow Adams wrote a book. It was called "The Epic of America." This book told the story of our nation. But it wasn't like most history books. It wasn't about events. It was about people. The book was about the characteristics of Americans.

Adams wrote about the American dream. He wrote that it was "that dream of a land where life should be better, richer, and more fulfilling for everyone." The talent and dedication of a person would decide his chances. This dream was not about possessions or money. It was a dream of a place where everyone could be successful. With dedication and hard work, nothing was out of reach.

Why did John smith most likely wrote  his account? about the Indian

Mirabeau Lamar is remembered for all of the following EXCEPT...
Your answer:
O relocating the capital of the Republic of Texas to Houston
o favoring westward expansion
O developing the educational system
Clear answer

Which TWO phrases from the text best support the reader understanding the central idea of the text?

“Throughout history, however, many American citizens have not been allowed to vote in local and national elections… Cultural and political barriers prevented racial minorities from heading to the voting booth…” (Paragraph 5)
“Throughout history, however, many American citizens have not been allowed to vote in local and national elections… Cultural and political barriers prevented racial minorities from heading to the voting booth…” (Paragraph 5)

“Wallace refused, so Johnson took charge of Alabama’s National Guard and sent one thousand military policemen and two thousand army troops to escort protesters on a march from Selma to Montgomery, Alabama.” (Paragraph 6)
“Wallace refused, so Johnson took charge of Alabama’s National Guard and sent one thousand military policemen and two thousand army troops to escort protesters on a march from Selma to Montgomery, Alabama.” (Paragraph 6)

“Proponents of the Voting Rights Act wanted everyone to be able to vote, and wanted everyone’s vote to matter equally.” (Paragraph 7)
“Proponents of the Voting Rights Act wanted everyone to be able to vote, and wanted everyone’s vote to matter equally.” (Paragraph 7)

“The Voting Rights Act of 1965 had immediate positive effects for minority voters. Nearly 250,000 black citizens registered to vote in 1965 alone.” (Paragraph 8)
“The Voting Rights Act of 1965 had immediate positive effects for minority voters. Nearly 250,000 black citizens registered to vote in 1965 alone.” (Paragraph 8)

“A majority of the justices believed it was wrong to require certain states to check with the federal government every time they changed their voting laws.” (Paragraph 9)
“A majority of the justices believed it was wrong to require certain states to check with the federal government every time they changed their voting laws.” (Paragraph 9)

“Technically, Congress can still override individual changes as they arise, but critics are skeptical that Congress will actually do this.” (Paragraph 11)​

How were tenant farmers different from sharecroppers?

A. Tenant farmers owned all their equiptment

B. Tenant farmers usually didn't pay rent for their homes

C. Tenant farmers brought their seed from the owner

D. Tenant farmers usually made a small profit

A goal of the United Nation’s International Court of Justice is to prosecute officials accused of committing war crimes. oversee the day-to-day operation of the organization. deploy peacekeepers to maintain order between nations. settle disputes between nations without the need of war.

How did white South Africans maintain power over their country's
government?
O A. They created apartheid laws to limit the rights of black South
Africans.
B. They wrote a new constitution which granted more rights to all
South Africans.
C. They declared independence in 1948 created their own
government
D. They formed alliances with the Allied powers during World War II.
SUBMIT

Which factors contributed to the rise of Nazism in Germany?

A. A longing for the kaiser and desire to avoid another war

B. The violence of world war I and high unemployment during the depression

C. The popularity of democratic government and economic prosperity

D. Low tariffs and global economic interdependence

What is the role of the Supreme court in the US government?

Before 1154 AD, did England have a united set of laws and justice? How do you know?

What do the flags in this poster represent?

A. Countries belonging to the Warsaw pact behind the Iron Curtain

B. Countries receiving economic assistance from the US

C. Countries forming the European coal and steel community

D. Countries created after World War II

How did popular sovereignty propose to fix the issue of slavery in the
western territories

Which of the following MOST influenced the way European countries divided up Africa?

A
the example set by Cecil Rhodes
B
the speeches given by Jules Ferry
C
the meeting at the Congress of Berlin
D
the article written in the Atlantic Monthly

Who was the first President of the uS

Joe is now going to trial. He is entitled to a trial by jury.

Considering what you know about juror selection, which of these citizens are potential impartial jurors for Joe’s case? Check all that apply.

a retired owner of a small business
the mother of a young man who is Joe’s age
one of Joe’s coworkers
a young man four years older than Joe
a business owner who is a friend of Joe’s boss

Describe how the forts along the Santa Fe Trail were used by travelers.

Do you think Ulysses is a good leader? Explain why or why not.

What were the Nuremberg Laws about?

A. curtailment of freedom of speech and other civil liberties for all citizens.
B. ban of all political parties
C. protection of German blood and honor
D. grant of extraordinary powers to the Gestapo.

Answer: C. protection of German blood and honor