Define the economic system


Assignment:

Resources: Mind Map Podcast, Example Mind Map

Create a Mind Map using a tool such as Popplet Mindmeister GoConqr or a Microsoft Word document in which you do the following:

• Define each economic system

• Provide an example of each economic system

• Compare the pros and cons of each economic system

• Identify the economic system we have in the United States

• Explain why it is important to have an economic system

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