Part 1 of Essay
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 economies. The Industrial Revolution was the cause of many social p ....

Part 2 of Essay
.... not enough freedoms. Socialism is 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 ....