Tuesday, March 29, 2011
Economy Assignment Your Blog
With the help of your textbook and Ch 23, please explain the differences among capitalism, socialism and communism. Then explain the pros and cons that each hold.
Capitalism is what i think of when i think of the American economy which is a free enterprise system. this system is where a enterpenuer can do what he wants with few government restrictions. laissez faire theroy is where there is no goverment controlland uaslly is positive for the economy
Capitalism is what i think of when i think of the American economy which is a free enterprise system. this system is where a enterpenuer can do what he wants with few government restrictions. laissez faire theroy is where there is no goverment controlland uaslly is positive for the economy
Socilaisim is a political and economic pillosiphy where wealth should be equally distributed by the govenment. pros every one is equal cons are no one can do what they want
Cmmunisim:is called a collective ideollegy witch requries the state ownership of land and other productive property pro your equal no class system cons cant own land and cant choose your job
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