What would Arakelian argue is a weakness of the capitalist economy? What would Von Mises argue is a weakness in the socialist economy? What do you think is one strength of each system?

To decide whether an undertaking is sound we must calculate carefully. —Ludwig von Mises, SocialismThe socialist calculation debate has been ... system would have to find cheap ways to do things in a world without ... that socialism cannot possibly work as well as a capitalist economy.

Explanation:

Answer Link

rowboatontario rowboatontario · Answer 2 · 2022-03-25T15:53:59+01:00

According to Arakelian Capitalist economic system lacks government intervention, while for Von Mises Socialist economy is impossible.

Types of Economy

Question mentioned socialist and Capitalist types of Economy. According to economic thinkers like Arakelian Capitalist economy is too much dependent on private firms, lacks government intervention.

While Von Mises argues against Socialist economy saying and I quote " no human director in such a system could possibly find the cheapest way to accomplish any given project among the infinite variety of ways to do the job".

The strength of Capitalist economy is that it gives opportunity to develop ideas for growth, while the strength of Socialist Economy is that it gives importance to every sector equally.

Learn More about Types of Economy here:

https://brainly.com/question/16022081