Question: Objectively identify the differences between socialism and capitalism. Also, describe what is considered to be just and unjust in both of these economic systems. Describe

Objectively identify the differences between socialism and capitalism. Also, describe what is considered to be just and unjust in both of these economic systems. Describe what freedoms are emphasized in both systems.

Subjectively identify the benefits of each system, and share your opinion on which system is best. Keep in mind that capitalism and socialism are two extremes of a wide spectrum of economic systems, with a variety of systems in between. The United States for example falls on the end of the spectrum closer to capitalism, but it is not completely capitalist.

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