Compare and contrast capitalism and socialism in your chosen countries with supporting definitions, explanations, and examples.

WEEK 4 ASSIGNMENT – THE ROLE OF CAPITALISM
Week 4 Assignment – The Role of Capitalism

Overview

Capitalism is an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state. Socialism is a political and economic theory of social organization that advocates for the means of production, distribution, and exchange being owned or regulated by the community as a whole (1). Understanding the difference between capitalism and socialism will help you understand how these economic systems impact how resources are collected and distributed within society, which is connected to that society’s system of work. In this assignment, you will write an essay discussing how capitalism and socialism function in different countries.
Preparation

Choose one capitalist country and one socialist country from the following lists:
Capitalist Country
US
UK
Japan
Socialist Country
China
Cuba
Venezuela

After choosing your countries, use the corresponding library guide to research your chosen countries and then write a one-page essay in which you do the following:
Explain the concepts of capitalism and socialism in your chosen countries.
Compare and contrast capitalism and socialism in your chosen countries with supporting definitions, explanations, and examples.
Identify three pros and three cons for both capitalism and socialism in your chosen countries.
The specific course learning outcome associated with this assignment is:
Examine the role capitalism plays in corporate decision making.
Sources

1. William H. Shaw. 2014. Business Ethics: A Textbook with Cases. Wadsworth, Cengage Learning 8th edition textbook.

Solved by an expert writer

Rated Helpful

Answered by Best writer

Looking for a similar assignment? Let Us write for you! We offer custom paper writing services Order Now.

REVIEWS


“ This is exactly what I needed and the confidence that I am heading in the right direction to finish the assignment. Thank you so much.”

Joanna David.


"Great job, completed quicker than expected. Thank you very much!"

Harrison James.


"Very efficient definitely recommend this site for help getting your assignments to help"

Hannah Seven