week 4 assignment the role of capitalism

Week 4 Assignment – 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 an essay comparing capitalism and socialism.

Preparation

Note:  You must watch this  before you begin this assignment.

Instructions

Write a 23 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, 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:

• Examine the role capitalism plays in corporate decision making.

1. William H. Shaw. 2014.  Business Ethics: A Textbook with Cases . Wadsworth, Cengage Learning 8th edition textbook.

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BUS 309 Strayer University Week 4 The Role of Capitalism Discussion

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The role of capitalism, 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:

• 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:

• Examine the role capitalism plays in corporate decision making.
• William H. Shaw. 2014. Business Ethics: A Textbook with Cases . Wadsworth, Cengage Learning 8th edition textboook

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Explanation & Answer

Attached. Please let me know if you have any questions or need revisions. CAPITALISM AND SOCIALISM Capitalism and Socialism Student’s Name Instructor’s Name Institutional Affiliation Date CAPITALISM AND SOCIALISM 2 Comparison between Capitalism and Socialism Capitalism, also known as the free market economy, refers to an economic system whereby entrepreneurship, natural resources, capital goods, and labor are privately owned and guided. The distribution of goods in capitalism is primarily determined by competition in the free market. Comp...

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BUS 309 Ethics – Strayer Week 4 – The Role of Capitalism

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:

• 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:

• Examine the role capitalism plays in corporate decision-making.
• William H. Shaw. 2014.  Ethics: A Textbook with Cases . Wadsworth, Cengage Learning 8th edition textbook

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