Economic systems vary in many significant ways, and they all have strengths and weaknesses. Theoretically, every nation on earth is trying to support an economic system that best serves its citizens and industries. Each is just taking a slightly different approach.

research the differences between socialist command economies, communist command economies, and capitalist economies. Provide a paragraph defining each, along with two NEW examples of countries that use those respective systems. Then, choose one element of either socialism or communism that you would implement into the United States economic system and give reasons your choice. Explain how the United States economy would improve as a result of your decision.

If you feel strongly that the US should not implement any socialist or communist components into our government, you can talk about elements that you feel should not be part of our economic system. Be specific about your reasons why you feel this way.