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- Discuss "MARKET ECONOMY (CAPITALISM)" with definition, characteristics, examples, advantages and disadvantagesIndividuals who wish for the state ownership of resources and for state control over economic activity are advocates of ________. A) capitalism B) a synthetic economy C) a market economy D) a mixed economy E) communismExplain the difference between market capitalism, centrally planned capitalism, centrallyplanned socialism, and market socialism. Give an example of a country that illustrates eachtype of system. Marks-25
- Essay (6-8 sentences, please): Define and contrast the 4 forms of capitalism 1. Neoliberal market capitalism 2.Social market capitalism 3.Developmental capitalism 4.Authoritarian capitalism.Describe the major characteristicsof capitalism, socialism, and mixedeconomic systems.Explain the difference between capitalism and socialism.
- Capitalism is defined as an economic system in which a country's trade, industry and profits are controlled by private owners or companies, rather than by the state. Do you agree Capitalism is the best economic system which will ensure justice and fairness for citizens? Provide your explanation.Explain in detail about flaws of capitalism and socialism?What is meant by varieties of capitalism?
