Essay Problem
• Discuss the relationship and similarities between the economic systems of socialism and communism. Why do these systems share a history of failure?
• Contrast the differences between the economic systems of capitalism and communism.
• You will need to use outside sources to answer this question- Over the past year the federal government has passed a few Covid relief bills that cost trillions of dollars. How can this kind of government spending hurt our economy in the long run. You may wish to consider such things as currency devaluation, inflation, higher taxes, debt and dependency. The sources you select to use cannot be editorial/opinion pieces of others.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.