Compare and Contrast the rise of the following economic theories as a result of industrialization: Capitalism, Socialism, and Communism. Please write at least 1-2 paragraphs. I will mark brainliest for the best/correct answer.

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Explanation:The capitalist economic model relies on free market conditions for the creation of wealth; the production of goods and services is based on supply and demand in the general market.

In a socialist economic model, the production of goods and services is either partially or fully regulated by the government; this is referred to as central planning, and the economic structure that is created is known as a planned economy or a command economy.

Most countries are mixed economies, falling somewhere on the spectrum between pure capitalism and pure socialism.

The capitalist economic model relies on free market conditions for the creation of wealth; the production of goods and services is based on supply and demand in the general market.

In a socialist economic model, the production of goods and services is either partially or fully regulated by the government; this is referred to as central planning, and the economic structure that is created is known as a planned economy or a command economy.

Most countries are mixed economies, falling somewhere on the spectrum between pure capitalism and pure socialism.

Explanation:

Thanks to marysmitha83

i thinl it is the 1st answer

peace keepers

idealism to be spread

riches kept