Choose one capitalist country and one socialist country from the following lists:

Capitalist Country

• US
• UK
• Japan

Socialist Country

• China
• Cuba
• Venezuela

Explain the concepts of capitalism and socialism in your chosen countries.

• Compare and contrast capitalism and socialism in your chosen countries with supporting definitions, explanations, and examples.
• Identify three pros and three cons for both capitalism and socialism in your chosen countries.

The specific course learning outcome associated with this assignment is:

• Examine the role capitalism plays in corporate decision making.

Sources

1. William H. Shaw. 2014. Business Ethics: A Textbook with Cases. Wadsworth, Cengage Learning 9th edition textbook.