Explain each of the four economic systems: capitalism, socialism, communism, and mixed economy.
Compare and contrast pure capitalism and pure socialism. Who controls the means of production in each? What are the strengths and weaknesses of each?
September 4, 2019Define and compare the business models and areas of strength of Apple, Google, and Microsoft.
September 4, 2019Explain each of the four economic systems: capitalism, socialism, communism, and mixed economy.
Question Description
Imagine you own a company and could choose the type of economic system your country uses.
Create a 1,050-word comparison paper including:
- Explain each of the four economic systems: capitalism, socialism, communism, and mixed economy.
- Provide an example of a country that uses the system and the pros and cons associated with the system.
- Explain which economic system you would select and why.
Format your assignment consistent with APA guidelines.
Include headings to identify the introduction, main points, and the conclusion.
Support your main points with two peer-reviewed sources. One source should be from the course chapter and the other source from the University Library.
Identify sources with APA formatted in-text citations and full references.
Highlight the name of the economic system, the name of the country, and the in-text citations in yellow.
