Assignment 2 Capitalism Vs. Socialism. 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 which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
In this assignment, you will define the roles capitalism and socialism play along with the advantages and disadvantages of each.
In two to three (2-3) paragraphs:
Using your textbook, paraphrase the concepts of capitalism and socialism. Then list three pros and cons of each.
Capitalism
1. Define in your own words the definition of capitalism.
a. Pro #1
b. Pro #2
c. Pro #3
d. Con #1
e. Con #2
f. Con #3
Socialism
2. Define in your own words the definition of socialism.
a. Pro #1
b. Pro #2
c. Pro #3
d. Con #1
e. Con #2
f. Con #3
Sources
ProQuest and EBSCOhost are great sites to find resources. Also, write in a concise and logical, using excellent grammar and style techniques. Additionally, the quality of your writing dictates grading criteria. On the other hand, if you use direct quotes from books or articles, place the words you copied (use parenthesis) and cite in-line.
Additional Guidelines
The quotes should be complete sentences (no more, less) and should be incorporated in your essay to illustrate your ideas. Please, cite your sources in a clickable reference list at the end. Also, do not copy without providing proper attribution (quotation marks and in-line citations). Also, write an essay format, not in bullet form, numbering, or another list format. It would be best if you use your own words. Lastly, proofread your work and run it through Grammarly for thorough confirmation.
Attachments
