Define capitalism and socialism and provide examples of countries for both structures.
For this discussion,
Define capitalism and socialism and provide examples of countries for both structures.
Next, discuss why capitalism and socialism are currently being spotlighted in U.S. politics giving the pros and cons to each organizational structure. Be sure to be specific and give supporting facts, not just opinions.
Finally, address the question: Does capitalism create wealth inequality and is this necessarily a bad outcome?
Your initial response should be a minimum of 200 words.
Reference resources:
Gwartney, J. A., Stroup, R. L., Sobel, R. L., & Macpherson, D. A. (2018). Macroeconomics: Private and public choice (16th ed.). Retrieved from https://www.cengage.com
- The full-text version of this e-book is available through your online classroom.
Tamny, J. (2015). Popular economics: What the Rolling Stones, Downton Abbey, and LeBron James can teach you about economics. Retrieved from https://www.redshelf.com
Forbes, S., & Ames, E. (2014). Money: How the destruction of the dollar threatens the global economy—And what we can do about it. Retrieved from https://www.vitalsource.com
Answer preview to Define capitalism and socialism and provide examples of countries for both structures.
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403 words