Socialism and capitalism are equally productive economic systems.

Question

Quizplus · Accepted Answer

While both socialism and capitalism have advantages and disadvantages, capitalism has been shown to be more productive in terms of economic growth and innovation. Capitalism promotes competition and incentives for individuals to work hard and innovate, which leads to overall economic growth. Socialism, on the other hand, can lead to less innovation and productivity due to lack of competition and individual incentives.

Socialism and Capitalism Are Equally Productive Economic Systems