Choose one capitalist country and one socialist country from the following lists:
US
UK
Japan
- Socialist Country
- China
- Cuba
Venezuela
Instructions
After choosing your countries, use the corresponding library guide to research your chosen countries and then write a one-page essay in which you do the following:
- Explain the concepts of capitalism and socialism in your chosen countries.
- Compare and contrast capitalism and socialism in your chosen countries with supporting definitions, explanations, and examples.
- Identify three pros and three cons for both capitalism and socialism in your chosen countries.
The specific course learning outcome associated with this assignment is:
Examine the role capitalism plays in corporate decision making.
Sources
- 1. William H. Shaw. 2014. Business Ethics: A Textbook with Cases. Wadsworth, Cengage Learning 8th edition textbook.
- Download the Library Guide by clicking the following link: