Week 4 Assignment – The Role of Capitalism Overview 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 t

Week 4 Assignment – The Role of Capitalism

Overview

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 that advocates for the means of production, distribution, and exchange being owned or regulated by the community as a whole (1). In this assignment, you will write an essay comparing capitalism and socialism.PreparationNote: You must watch this video on capitalism and socialism before you begin this assignment.InstructionsWrite a 2–3 paragraph essay in which you do the following:

• Explain the concepts of capitalism and socialism.
• Compare and contrast capitalism and socialism with supporting definitions, explanations, and examples.
• Identify three pros and three cons for both capitalism and socialism.

This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.The specific course learning outcome associated with this assignment is:

• Examine the role capitalism plays in corporate decision-making.

Week 4 Discussion

This week we are covering textbook topics found in Chapter 4, “The Nature of Capitalism,” (beginning on page 117) and Chapter 5, “Corporations,” (beginning on page 156). These chapters identify four key features of capitalism:

• the existence of companies
• the goal of making a profit
• a competitive market
• the ownership of private property

Respond to the following:

• How do these four features of capitalism relate to you as an individual? Explain your thoughts.
• Be sure to respond to at least one of your classmates’ posts.

To receive full credit, remember to write 2 posts in the discussion: one original and one response to another student. Your original should be at least 7 sentences, and your reply should be at least 4 sentences.

Week 5 Discussion

For this week’s discussion, respond to the following:

• Why is it important for the FTC to govern advertising? Provide at least 2 points to support your answer.
• Be sure to respond to at least one of your classmates’ posts.

To receive full credit, remember to write 2 posts in the discussion: one original and one response to another student. Your original should be at least 7 sentences, and your reply should be at least 4 sentences.