In the world, there are 3 main economic systems and every country falls into at least 1 of these economic categories. No country is categorized totally into one of these systems, but every country is uniquely mixed with combinations of the 3 systems ( capitalism, communism, and socialism.) Of the 3 systems, capitalism is the best economic system for a country because it offers people the right to own a business, allows people to keep more luxuries, and make as much money as they want.
In capitalism, citizens are guaranteed the right to own any business. This offers anyone more control in the economy. If a person works hard, they can get paid for something they enjoy doing. In a communist system, you are assigned a job, whether you enjoy it or not. If you don't enjoy where you work, it doesn't matter because you get paid the same no matter where you work, there is no need to work hard. In a capitalist system, people are rewarded for how hard the are willing to work. Hard workers get paid more, while workers who take their jobs easy, get paid less. This allows for a fair and equal society.
Another advantage of a capitalist system is that there are more available luxuries. The governments does not decide which luxuries are available to the public, as they do in a communist system. The amount of money you make in a capitalist system decides which lavish items you can have. Therefore, when you work hard, your reward is security and more luxuries. In other systems, no matter how hard you work, your lifestyle remains the same. This is why capitalism offers more rewards for a hard worker then a communist system does.
You have the ability to determine how much money you make, in capitalism, by how hard you work. The basic needs for a person, such as water, food, clothes, cost the same for everyone no matter how rich you are. The leftover money you have, after your needs, goes towards your wants.
