What is Capitalism? Give example. What is Socialism? Give example.

  1. What is Capitalism? Give example.
  2. What is Socialism? Give example.
  3. What is mixed economy? Give example.
  4. Does the U.S. practice a mixed economy? Give example to support your answer.
  5. Is mixed economy good, bad, or indifferent for businesses? Give explanation to support your answer.
  6. What is laissez-faire?
  7. To what extent would government control or laissez-faire be good for the businesses? Give explanation to support your answer.