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Please help. i need an outline of discussing the benefits and problems of capitalism and socialism

Please help. i need an outline of discussing the benefits and problems of capitalism-example-1

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Answer:

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Step-by-step explanation:

Economic freedom, consumer choice, and economic progress are all benefits of capitalism. This form of economy, on the other hand, may foster monopolies and inequality, as well as contribute to a recession. Socialism, on the other hand, destroys individuality and consumer choice, perhaps leading to economic stagnation.

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