Question

In about 150 words, discuss how the economic freedoms of capitalism lead to improved societal conditions when compared with conditions of socialistic countries.

help me start it off please

Answer 1

Step-by-step explanation:

The economic freedoms of capitalism are tremendous. After World War II, The United States took control of South Korea to help get them back on their feet. During that time, Russia attempted the same for North Korea. South Korea is now one of the most technologically advanced countries in the world, and recently hosted the world's winter Olympics. North Korea on the other hand, has starving citizens that are withheld of many basic freedoms. North Koreans have invalid political propaganda stuffed down their throat each day and are are told nothing of the true free world. Additionally, North Korea wants to launch warheads at everyone. All thanks to Russia. Communism and socialism do a bang up job if you ask history. This is why American capitalism is superior.

Answer 2

Members of a society to undertake economic actions. This is a term used in economic and policy debates as well as in the philosophy of economics. One approach to economic freedom comes from classical liberal and libertarian traditions emphasizing free markets, free trade, and private property under free enterprise. Those philosophers and economists who advocate an economic system based on private property and free markets--or what one might call economic freedom. The free market viewpoint defines economic liberty as the freedom to produce, trade and consume any goods services acquired without the use of force.