ii. the benefits of capitalism\na. supporters of capitalism\n1. what ideals do people who favor capitalism…

ii. the benefits of capitalism\na. supporters of capitalism\n1. what ideals do people who favor capitalism believe in?\n2. what do supporters of capitalism believe the system allows for?\nb. all economies are planned\n1. who does economic planning under capitalism and socialism?\na. capitalism:\nb. socialism:

ii. the benefits of capitalism\na. supporters of capitalism\n1. what ideals do people who favor capitalism believe in?\n2. what do supporters of capitalism believe the system allows for?\nb. all economies are planned\n1. who does economic planning under capitalism and socialism?\na. capitalism:\nb. socialism:

Answer

Brief Explanations:

  1. Supporters of capitalism often believe in ideals such as individual freedom, private - property rights, and free - market competition. They think the system allows for economic growth, innovation, and the efficient allocation of resources as individuals and businesses make decisions based on self - interest.
  2. In capitalism, economic planning is mainly done by private individuals, businesses, and investors through market mechanisms. In socialism, economic planning is typically carried out by the state or collective entities to ensure equitable distribution and meet social needs.

Answer:

  1. Supporters of capitalism believe in ideals like individual freedom, private - property rights, and free - market competition. They think the system allows for economic growth, innovation, and efficient resource allocation.
  2. a. Capitalism: Private individuals, businesses, and investors through market mechanisms. b. Socialism: The state or collective entities.