Socialism 2

Title: Socialism 2
Category: Law & Government / Government & Politics | Words: 737 | Pages: 3.1 (approximately 235 words/page)

Socialism 2

There are many ways that countries are run. Obviously, most are run by officials--but what kind of system do they govern by? Some of the most important systems used today are capitalism, socialism, and communism. Capitalism is an economic system in which the means of production are privately owned. Business organizations produce goods for a market guided by the forces of supply and demand. Capitalism requires a financial system that enables business firms to …showed first 75 words of 737 total…

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…showed last 75 words of 737 total…to stay in control. Socialism is similar to capitalism, but here, the government own the businesses and therefore runs the economy. Fortunately our leaders chose a good way to run this country--once again putting most of the government, at least somewhat, in the public’s hands. After that, it is up to us as to what happens, but this way, the Constitution is followed more closely and the power is left to the people.

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