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factory owner would be most likely to prefer capitalism because they would benefit the most from the exploitation of others for profit. the unemployed artisan would prefer socialism because it's designed to help people in similar situations.
While the unemployed artisan and factory worker would prefer socialism since it is designed to help those in similar situations, the factory and stop owner would be most likely to favor capitalism because they would stand to gain the most from the exploitation of others for profit.
What is socialism?
A political and economic system known as socialism, which is often run by the state or government, is one in which property and the means of production are owned in common.
The foundation of socialism is the notion that shared or public ownership of resources and means of production results in a society with greater equality.
Theoretically, socialism aims to create the greatest amount of common wealth through public benefits. Since the government oversees the majority of societal activities, it can utilize resources, labor, and lands more efficiently.
Socialism lessens wealth disparity not only between different regions but also between all social classes and ranks.
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