Answered

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advantages and disadvantage of Socialism. ​

Sagot :

Sophiajeanabiogidn

Answer:

Advantages of Socialism

According to the socialistic system, each person is guaranteed access to basic goods, even those who are not able to contribute. As a result, the system helps to minimize poverty levels in the society.

Disadvantages of Socialism

Disadvantages of socialism include slow economic growth, less entrepreneurial opportunity and competition, and a potential lack of motivation by individuals due to lesser rewards.

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