Capitalism is an economic system where control lies with individuals and corporations while, in communism, economic control is held by the government with the goal of equality. Government involvement is limited in capitalism but central in communism.
The primary difference between capitalism and communism lies in the control of economic resources. In a capitalist economy, the production and distribution of goods and services are guided by private individuals and corporations, motivated by profit. In this system, the role of the government is limited and mostly comes into play through laws and regulations intended to protect consumers and maintain fair competition.
On the other hand, communism is a system where all property is public and people work and are paid according to their abilities and needs. In a communist economy, the government plays a central role, in deciding what to produce, how to produce, and how to distribute goods and services. The goal is equality and the elimination of social class.
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-Britain
-Italy
-Belgium
The First country to industrialize on the continent of Europe was Belgium.
Further Explanation:-
The Industrial Revolution in Europe spread in Continent of Europe very gradually. High growth in the Population was one of the main factors that triggered this industrial revolution. Due to increase in population, middle period of 18th century produced a large reservoir of workers. Along with this, simultaneously, more methods which were efficient in regards to the Methods of production was known to be necessary in order to supply basic needs of the people. Under this scenario, Britain had two of the most important advantages and one of them was extremely productive system with regards to agriculture as well as they had high numbers of creative inventors. Belgium was one of the first countries which was part of industrial revolutions because Belgium was very rich in resources s Iron Ore and Coal was available in excess amount in the country and because of this reason the Industrial revolution in Belgium had as same effect as it had in Britain. Belgium was the one country which became the world’s second industrial power after Britain.
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Answer Details:
Grade – High School
Subject – History
Chapter – Industrial Revolution
Keywords –Industrial Revolution, Industry, Population, Britain, Belgium, Supply, Resources, Iron ore, Coal, Inventors, Efficient.
The country that was the first to industrialize on the continent of Europe is Britain.
Britain was the first country to undergo industrialization on the continent of Europe during the 18th and 19th centuries. Several factors contributed to Britain's early industrialization:
Natural Resources: Britain possessed abundant natural resources such as coal and iron ore, which were essential for industrial production. These resources provided a solid foundation for the growth of industries like coal mining, iron and steel production, and textile manufacturing.
Technological Advancements: Britain experienced significant advancements in technology during the Industrial Revolution. was the first country to undergo industrialization on the continent of Europe during the 18th and 19th centuries.
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I believe the answer is: He did not find it completely necessary.
In the beginning, Lincoln believed that military action is not necessary because they can appeal to human emotion by making people acknowledging the right of the slaves as human beings. He soon change his mind after the southern states started seceding.
Daoism presented positive female role models, so it had a positive effect on the role of women in China is the correct answer.
There were multiple primary reasons of World War II. The effects of the 1919 Treaty of Versailles, the Great Depression, the failure of appeasement, the development of militarism in Germany and Japan, and the collapse of the League of Nations are only a few of them.
Between 1929 and 1939, there was a global economic crisis known as the Great Depression. After a significant decline in American stock prices, the Depression became clearly visible.
The Wall Street stock market fall of October 24 was caused by the economic contagion, which started in September 1929. (Black Thursday). Most nations in the world experienced the economic shock to varied degrees.
The depression of the 20th century was the longest, deepest, and most pervasive one ever.
Global gross domestic product (GDP) declined by an estimated 15% between 1929 and 1932. In contrast, during the Great Recession from 2008 to 2009, the global GDP decreased by less than 1%. By the middle of the 1930s, some economies had begun to recover.
However, the consequences of the Great Depression persisted in many nations until the start of World War II. Falling personal income, prices, tax receipts, and profits had devastating impacts in both wealthy and developing nations.
International trade decreased by more than 50%, while unemployment increased to 23% in the United States and up to 33% in certain other countries.
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