After considering the characteristics of each alternative economic system coupled with your recently expanded

After considering the characteristics of each alternative economic system coupled with your recently expanded

Students: Now that most of you have atleast a basic working knowledge of our economic system (it’s positives & negatives) as a result of your recent assignments, discussion questions, etc., it’s time to expand your knowledge and perceptions of other planned economies. Refer to your textbook (or other sourses) to obtain a thorough comprehension of the features of each economic system: Capitalism, Communism, Socialism, Mixed Economy.

Discussion Question: After considering the characteristics of each alternative economic system coupled with your recently expanded knowledge of our capitalistic economy, discuss the advantages and disadvantages of these systems and which one would best serve the needs of the American people in general. Be very explicit with your answers and opinions.

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During the cause of the module, we delved into the current economic system that is present in the country. Some of the aspects that were explored include the pros and cons that are associated with the system. However, there are other types of economic systems that are available in the world today. America has a capitalist economic system. The system is popular and in place in many countries. Other economic systems that are available include socialist, communist, and mixed economic systems. A mixed economic system is one where there is public and also private ownership of factors that allow production to happen. In such an economic system, there is state intervention in the market meaning that economic planning is not…………….

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