Role capitalism plays in corporate decision-making

Reference no: EM133168279

Assignment - The Role of Capitalism

Examine the role capitalism plays in corporate decision-making.

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). In this assignment, you will write an essay comparing capitalism and socialism.

Preparation
Note: You must watch this video on capitalism and socialism before you begin this assignment.

Instructions
Write a 2-3 paragraph essay in which you do the following:

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.

This course requires the use of Strayer Writing Standards. For assistance and information

Reference no: EM133168279

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