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1. Allows people to decide how much to sell a product and what to produce
2. Minimal governmental intervention
3. Only necessary and wanted goods are produced
4.Self regulation

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1. Free health care
2. Benefits of public ownership
3. More equal society
4. Reduction of relative poverty
5. Socialist values encourage selflessness rather than selfishness.

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A system where the right to distribute and produce goods are run by corporations or private operations. Where the main drive is to make a profit.

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A political and economic government where a community shares ownership and gets the same reward at the end of the day. Equality is taken into daily jobs and rewards.

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One main criticism is that it will create an overproduction of goods, that no one will use. That is not the case, because if no one is buying a product the manufacturers will simply stop making them. Because no buyers means no profit, which is vital in that economy.

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One main criticism is the slow economic growth because everyone gets the same reward. This looses a lot of citizens motivation and increases the thought of being the same because everyone ends with the same result.

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Japan
China
Singapore
New Zealand

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A couple of countries where this system has succeeded are Netherlands, Belgium, Spain, and Portugal.

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Would you want to live in this type of system? WHY?

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Would you want to live in this type of system? WHY?

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Would you want to live in this type of system? WHY?

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Would you want to live in this type of system? WHY?

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Personaly I wouldn't live in socialism system because right now I live in a capitalism system. If I switch it would be harder to adapt to the life style and I wouldn't be use to the difference. I wouldn't live in a socialism system because I want to get for what I work for. I want to know that all my hard work will get me somewhere, instead of reciving the same rewards of others who haven't done anything to go above and beyond.

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I would want to live in this system because it promotes growth in the economy and efficiency, where the people don't have complete control,  because that belongs to the private companies, but they aren't powerless. And compared to other alternatives this is the better option in my opinion
-Hunter Chow

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I would want to live in this system due to it allowing more freedom when it comes to profits and choosing what to do, while I think its good to have benefits that are in socialism, i believe that capitalism is more capable of allowing people to be able to gain more money than in a socialism ran country. It also allows people to get more creative due to their hard work allowing them to gain money rather than just getting money all the same amount as others. -Alexi Garza