solved Week 4 Assignment – The Role of Capitalism Overview Capitalism

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.
Preparation
Note: You must watch this video on capitalism and socialismbefore you begin this assignment.
Explain the concepts of capitalism and socialism.

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