Answer: I believe Capitalism is a more efficient and effective economic system. Capitalism encourages freedom, innovation, and lower prices. Due to a competitive market Producers usually lower prices as a way to try and gain more consumers. Capitalism also encourages more privately owned things like warehouses factories and various other types. Many county's incorporate capitalism as it is a growing practice being used more and more in the modern era. As the practice increases more and more studies will be conducted to determine which one would be effective. This is why I believe, capitalism is more effective than socialism.
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