BUS 309 ASU Advantages and Disadvantages of Capitalism System Essay
Question Description
Capitalism is an economic and political system in which a country’strade and industry are controlled by private owners for profit, ratherthan by the state. Socialism is a political and economic theory ofsocial organization that advocates for the means of production,distribution, and exchange being owned or regulated by the community as awhole (1).
In this assignment, you will write a 2–3 paragraph essay comparing capitalism and socialism:
- 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. Forassistance and information, please refer to the Strayer WritingStandards link in the left-hand menu of your course. Check with yourprofessor for any additional instructions.
The specific course learning outcome associated with this assignment is:
- Examine the role capitalism plays in corporate decision making.
Sources
- William H. Shaw. 2014. Business Ethics: A Textbook with Cases. Wadsworth, Cengage Learning 8th edition textbook.
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