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Essay Instructions: 1. Precise definitions of the major economic systems: Capitalism, Socialism,Communism and Mixed Economy-Encyclopedia definitions(webster's).
2. Brief historical review of systems
3.Distinguish between these economic systemsaccording to following attributes
A.Property Rights-who owns means of production in each
B. Mechanisms for info and coordination of econ. activity(in particular discuss the law of freely determined market price in allocating resources in a market economy)
C.Systems of incentives- Moral, Material
D.The role of government in economic life/systems
E. The role of private institiutions in economic life, e.g. families, churches, charitable organizations, etc.
F. Economic Security- does the system provide safety net for poor, elderly, chronically ill, unemployed and those who cannot take care of themselves
G. Economic Freedom- does the system have freedom of enterprise, do workeres have the freedom to seek better employment eksewherein the economy, is there consumer sovereignty
H. Is there freedom to live domestically, at home and abroad.

Need at least 4 sources
MLA format recommended

Essay Instructions: * Briefly explain the principles of individual decision-making.
* Provide an example of a decision in which you compared the marginal benefits and the marginal costs associated with that decision.
* What were the marginal benefits and marginal costs associated with that decision?
* What incentives could have led you to make a different decision?
* Explain how the principles of economics relate to decision-making, interaction, and the workings of the economy as a whole.
* Briefly describe the main attributes of the following economic systems: market economy, centrally planned economy, and mixed economy.
* Explain how economic interactions are affected by the type of economic system present.

Essay Instructions: Samuelson devoted chapters eleven and twelve to “economic development” where he discussed the “four wheels” necessary for the process to take place. He listed them as:



a. labor

b. capital

c. natural resources

d. and technological change and innovation.



Select a developing country (any developing country), and using Samuelson’s explanation and rationale, write a 600 to 1000 word paper where you provide the following:



Give a brief statement of the development stage of your selected country.
Explain if the country operates as a market, command, or mixed economy
Describe the extent each of the four wheels exists and operate – disclose any deficiencies.
Indicate macro actions (non-political) that might be taken by the government to correct deficiencies in any or all “wheels.”

Essay Instructions: A three page compare and contrast essay on American verses Vietnam culture. It should include History,( events that impacted the culture); Political (system of that governs the culture); Economy(current economical system, the producing and distributing of goods and services; who receives, who profit from this transaction, (Capitalism, Socialism or Mixed Economy). Also Social Institutions,(family, religion, education and health care etc...

This essay is to evaluate my understanding of how to compare and contrast the different cultures in our world. The essay should be double spaced, 12 font, The Times New Roman or Arial font with a title page and a reference with three sources separate from the three page document. Also the American Sociological Association (ASA) format must be used for citations and references.