Are Market Systems and Policies Efficient?
Have you ever wondered how market systems and policies work? Have you thought about the influence policy has on the topics of capitalism, market, and economic systems?
In this assignment, you will explore and demonstrate knowledge of capitalism, market, and economic systems and policy gained through the assigned readings and additional research.
Write a 750-word essay that includes the following elements.
Types of economic systems used in the United States
How economic systems vary between the U.S., China, and Russia
Description of a political system
Knowledge of political systems gained from your personal experience
Political system(s) that you lean towards
How political policies are used in the United States compared to other countries in the world
Identification of several of the alleged "virtues" and "vices" of capitalism
Explanation of the difference between political systems, economic systems, and economic policies
