What is capitalism and socialism

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Reference no: EM133120119

1. What is Capitalism? Give example.

2. What is Socialism? Give example.

3. What is mixed economy? Give example.

4. Does the U.S. practice a mixed economy? Give example to support your answer.

5. Is mixed economy good, bad, or indifferent for businesses? Give explanation to support your answer.

6. What is laissez-faire?

7. To what extent would government control or laissez-faire be good for the businesses? Give explanation to support your answer.

Reference no: EM133120119

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