. What is capitalism? Do you believe it is a fair, effective system? What are the advantages and pitfalls of such a system? What is socialism? What countries have this system? Do you believe it is a fair, effective system? What are the advantages and pitfalls of such a system?
Capitalism is were a person or people buy and sell a product on a open market at a going rate and they higher people to make the product as cheaply as possible in order to sell the product at a cheaper rate than their competitor in order to make the biggest profit. To an extent it is fair, however lopsided. The person who has the capital should get the bigger share since if it wasn't for their enitial investment they wouldn't have a product, however, the workers who make the product don't get their due, since with out them they wouldn't have enough of the product to sell and make a profit. Socialism is were the government ownes all business and the workers get an equal share of the profits. These type of systems can be found in China and Cuba. They aren't entirly successful because they lack a reason for the workers to take specialty positions since they get payed the same.
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