Socialism vs. capitalism • English Conversation Questions

What are the key differences between socialism and capitalism?
What are the advantages of capitalism?
What are the disadvantages of capitalism?
What are the advantages of socialism?
What are the disadvantages of socialism?
How do these economic systems impact income inequality?
What role does the government play in capitalism and socialism?
How does each system address issues such as poverty and social welfare?
What is the relationship between capitalism and economic growth?
What is the relationship between socialism and economic growth?
What are some potential drawbacks of transitioning from capitalism to socialism?