Compare and contrast capitalism, socialism, and the mixed economy.Include in your discussion, the essential characteristics of each system. Also include in your response, a discussion of the initiation of physical force and individual rights: what are they and how do they relate to each other and each economic system? Further, based on what has been said in this course, what are the relative effects of each system on one's standard of living (For example, does capitalism create a higher standard of living than socialism or vice versa? What about the mixed economy?) and how are these relative effects brought about?