Answered

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. Suppose you are given a privilege to choose between Capitalism and Socialism as an economic system to be followed in Ethiopia. Which do you choose? Support your answer with at least five justifications.
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Sagot :

ogorwyne

The system that would be chosen between Capitalism and socialism is capitalism.

Why Capitalism is chosen over socialism

  • The people of the nation have the right to make economic choices based on production.
  • The demand and the supply of goods are rested in the hands of the people instead of the government.
  • It allows for private ownership of properties unlike socialism.
  • It encourages the people to be innovative as well as efficient.
  • It provides for growth and freedom in the economy.

Read more on capitalism here:

https://brainly.com/question/25879591

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