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is a type of economic system, a political movement, and a social theory. is based on the idea that governments should own and control a nation's resources rather than individuals. was first used to describe opposition to the free enterprise and market economie ....

Middle of Essay
.... seen as an efficient form of government. Capitalism, on the other hand, leads to unemployment, poverty, business cycles, and conflict between owners. Through socialism a nations wealth can be distributed more equally. Socialism is therefore based on cooperation rather than competition. Socialist believe that by creating an economic plan, farmers, manufacturers, workers, and government officials can properly adjust the production of goods to meet the needs of the people. Some socialist believe that government should go so far as to pay for education and Medicare. It is disagreement among socialists that has made for a wide spectrum of ideas, poss ....