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Socialism
Part I of Essay
is a type of economic system, a political movement, and a
social theory. is based on the idea that governments should own and
control a nation's resources rather than individuals.
was first used to describe opposition to the free enterprise
and market economies. The In .... Part II of Essay
.... government. Capitalism, on
the other hand, leads to unemployment, poverty, business cycles, and conflict
between owners. Through socialism a nations wealth can be distributed more
equally. Socialism is therefore based on cooperation rather than competition.
Socialist believe that by creating an economic plan, farmers, manufacturers,
workers, and government officials can properly adjust the production of goods to
meet the needs of the people. Some socialist believe that government should go
so far as to pay for education and Medicare. It i ....
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Words: 565 - Pages: 3
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