The podcast (here) compares and contrasts the differences between Eastern and Western Germany as a case...

The podcast (here) compares and contrasts the differences between Eastern and Western Germany as a case study in how different economic models impact societies.

Expert Solution

After second World War Germany was divided into east and west Germany, the east was controlled by Soviet Union and the West was controlled by US and allies nation and they were divided.
East Germany's economic model was based on the concept of communism which is a political and economic system in which the major "productive resources" in a society – such as mines, factories, and farms – are owned by the public or the state, and wealth is divided among citizens equally or according to individual needs.
While West Germany's economy was based on capatilism and with the thriving and booming economy. It's economy was moving ahead a way more faster then the east.
The difference can be seen as all the thirty company listed on Germany's stock exchange are based in WestWest. Wages and productivity are higher in West. People are immigranting from east to West for better opportunities.
The population is declining in the east while it growing in West.

Rahul Sunny answered 1 hour ago

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