Democratic Socialism and its Effects on the Economy

How does changing into a Democratic Socialist system affect a country’s economy?

To fully understand what my research entails, it’s essential to examine the difference between Socialism and Democratic Socialism. Socialism is described as “equality in the society,” while Democratic Socialism is described as “equality in a democratic state.” Currently, there are massive gaps in understanding on whether Democratic Socialism causes a change in a country’s economy because of the vast amounts of research on Socialism itself. Since people associate Socialism with Communism, it has been a relatively non-researched topic within America. Yet, by gathering data like the GDP, Inflation, and unemployment rates, the effect of transitioning into a Democratic Socialist State should become prevalent.