Capitalism is more productive than socialism, and capitalism also creates greater economic inequality.

Question

Quizplus · Accepted Answer

Capitalism promotes innovation, competition, and investment, which lead to higher productivity and economic growth. On the other hand, socialism tends to stifle innovation and entrepreneurship, resulting in lower productivity and economic growth. However, capitalism also creates greater economic inequality as wealth is concentrated in the hands of a few individuals or corporations. Socialism, on the other hand, seeks to distribute wealth and resources more equally among society.

Capitalism Is More Productive Than Socialism, and Capitalism Also Creates