Answer to Question #252936 in English for carl

Question

1. Which, in your opinion, is more efficient in terms of trade and exchange,

 capitalism or socialism? Please

 back up your response. 

2. Provide at least three Global Corporations with a presence in the 

Philippines. List the products or 

services that they manufacture or provide.

Answer 1

People have varying views about the efficiency of socialism and capitalism regarding exchange and trade. Under capitalism, the ownership and investment in distribution, production, and wealth exchange are under private corporations and individuals. With socialism, the distribution and production of services and goods owned are under the collective control of the community or government. Capitalism, compared to socialism, is more efficient and leads to fast economic growth. Firstly, individuals are motivated by the rewards they get with capitalism which make them more innovative. Also, capitalism has more free entrepreneurial competition and opportunity. To prove this point, the countries that adopt capitalism in the world witness a large economic growth compared to those that embrace socialism due to its being more efficient. 

Some of the global corporations that have a presence in the Philippines include Ayala Corporation, Coca-cola, and Delmonte limited. Cocacola Philippine products include soda and water. Delmonte products include packaged mixed fruit and pineapple, ready-to-drink juices, spaghetti sauce, and tomato sauce. Ayala Corporation is involved in services such as finance and banking, real estate, and telecommunication.