Question

Research the advantages socialists/communists claimed they had over the free enterprise system. Prepare a 200 word argument defending either socialism/communism or the free enterprise system. Which system, in your opinion, is the best for a country to follow?
Note:
This essay is not to be a research report about communism or free enterprise. It is a persuasive essay in which you should state your opinions based upon your knowledge of both economic systems.

Use proper grammar, spelling, and punctuation in your essay.

Proper documentation includes both parenthetical citations within the body of your report anytime you summarize or quote a source, as well as a works cited page.

Answer 1

Here is some information that you can use to help your write this essay:

Communism/Socialism:
Advantage
- There are no social classes- This means that there are no poor individuals within a society. There is no upper, lower, or middle class. Everyone has about the same amount of income/resources.

Disadvantage:
- Little economic freedom- The government plans the economy. This means they control how many products a business makes and how many goods/resources each family has.

Capitalism
Advantage:
- Individual freedom- In a capitalist society, citizens can buy whatever they want as long as they have the money. This allows citizens to do what they want, when  they want, without having the government telling them what to do.

Disadvantage:
- Poverty/Homelessness- This system involves very little government interference with the economy. This means there will be social classes. Ultimately, some individuals will end up poor or homeless for any number of reasons.

Answer 2

Answer:

Communism/Socialism:

Advantage

- There are no social classes- This means that there are no poor individuals within a society. There is no upper, lower, or middle class. Everyone has about the same amount of income/resources.

Disadvantage:

- Little economic freedom- The government plans the economy. This means they control how many products a business makes and how many goods/resources each family has.

Capitalism

Advantage:

- Individual freedom- In a capitalist society, citizens can buy whatever they want as long as they have the money. This allows citizens to do what they want, when  they want, without having the government telling them what to do.

Disadvantage:

- Poverty/Homelessness- This system involves very little government interference with the economy. This means there will be social classes. Ultimately, some individuals will end up poor or homeless for any number of reasons.