. 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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01-07-2022
Business

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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.

Sagot :

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ogorwyne ogorwyne · Answer 1 · 2022-07-08T11:12:10-04:00

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.

Sagot :

Why Capitalism is chosen over socialism

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