Roadmap for Answer Writing 1. Introduction Briefly introduce the significance of both treaties. Mention their roles in the aftermath of World War I. Treaty of Versailles (1919): Ended World War I, focused on punishing Germany. Treaty of Sèvres (1920): Aimed to dismantle the Ottoman Empire ...
The competition and profit-making motives bequeath innovation and economic growth through capitalism which should greedily grasp more customers hence increasing its market size. Of different benefits that come with competition, creating new products, services, and technologies alongside making efficRead more
The competition and profit-making motives bequeath innovation and economic growth through capitalism which should greedily grasp more customers hence increasing its market size. Of different benefits that come with competition, creating new products, services, and technologies alongside making efficiency and cost-cutting would lead to increased productivity; thus economic growth.
Inequalities; it gives rise in wealth inequality bringing about a very insignificant section of people absorbing most wealth.
-Market failures: at times, it also fails to allocate resources efficiently; markets fail as it is in the cases of monopolies, externalities, and the likes where it is about informational asymmetries.
-Interest in the near future: capitalism is often accused of taking a very short-term stance than others about achieving profits over investing in sustainable development possibilities for the future.
-Environmental and social costs: Profit making sometimes may turn into assets of negative social and environmental costs like worker exploitation and pollution.
Model Answer Introduction The Treaty of Versailles (1919) and the Treaty of Sèvres (1920) both had far-reaching, unintended consequences, contributing significantly to global tensions and instability. Treaty of Versailles The Treaty of Versailles, which aimed to end World War I, imposed harsh penaltRead more
Model Answer
Introduction
The Treaty of Versailles (1919) and the Treaty of Sèvres (1920) both had far-reaching, unintended consequences, contributing significantly to global tensions and instability.
Treaty of Versailles
The Treaty of Versailles, which aimed to end World War I, imposed harsh penalties on Germany. Some of its unintended consequences include:
Treaty of Sevres
The Treaty of Sèvres, which aimed to dismantle the Ottoman Empire, also led to several unintended consequences:
Both treaties highlighted how poorly designed peace agreements could foster new conflicts and shape global history for decades.
See less