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Examine role capitalism plays in corporate decision making

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Reference no: EM132792172

The Role of Capitalism

  • 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).

In this assignment, you will write a 2-3 paragraph essay comparing capitalism and socialism:

Question 1: Briefly define, in your own words, the concepts of capitalism and socialism. Identify three pros and cons of each.

  • This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.

The specific course learning outcome associated with this assignment is:

Question 2: Examine the role capitalism plays in corporate decision making.

Reference no: EM132792172

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