Mariska left her home country to become a nanny for a family in a suburb of San Diego, California. One of the benefits of her new job is she can attend the community college near her family's home. However, when she arrived, she experienced the differences from a predominately socialist nation and a capitalist nation. Mariska noted that public transportation in California was limited and expensive, making it difficult to get to school. For a negligible fee, the government in her home country provided public transportation for everyone. Mariska's home country's economic system was more characteristic of socialism.

Question

Quizplus · Accepted Answer

Socialism is an economic system based on the premise that some, if not most, basic businesses such as steel mills, coal mines, and utilities should be owned by the government so that profits can be more evenly distributed among the people. Nations that practice socialism usually collect higher taxes than those that practice capitalism, in order to pay for things such as transportation that are offered to everyone.

Mariska Left Her Home Country to Become a Nanny for a Family