Reference no: EM132600174 , Length: word count:600

Assignment - Capitalism Vs. Socialism Template

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 whereas socialism is a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. (Shaw, William H. (2014). Business ethics (8th ed.). Boston, MA: Wadsworth, Cengage Learning). In this assignment, you will define the roles capitalism and socialism play along with the pros and cons of each.

In two to three (2-3) paragraphs:

Briefly define, in your own words, the concepts of capitalism and socialism. Then list three pros and cons of each.

DO NOT just turn in the worksheet. It will be sent back for a rewrite.

1. Introduction

2. Define in your own words the definition of capitalism.

a. Pro #1

b. Pro #2

c. Pro #3

d. Con #1

e. Con #2

f. Con #3

3. Define in your own words the definition of socialism.

a. Pro #1

b. Pro #2

c. Pro #3

d. Con #1

e. Con #2

f. Con #3

4. Conclusion

Need 600 words paper + title page + references with in-text citations. Follow the format.