Explain the concepts of capitalism and socialism. Compare and contrast capitalism and socialism with supporting definitions, explanations, and examples. Identify three pros and three cons for both capitalism and socialism.The specific course learning outcome associated with this assignment is: Examine the role capitalism plays in corporate decision making.

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Explain the concepts of capitalism and socialism. Compare and contrast capitalism and socialism with supporting definitions, explanations, and examples. Identify three pros and three cons for both capitalism and socialism.The specific course learning outcome associated with this assignment is: Examine the role capitalism plays in corporate decision making.

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