Answered

Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Connect with professionals on our platform to receive accurate answers to your questions quickly and efficiently. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

. 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 :

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

#SPJ1

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.