Part I – Explain capitalism and list the advantages and disadvantages of living

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Part I – Explain capitalism and list the advantages and disadvantages of living in a capitalist society. Then list the advantages and disadvantages of living in a socialist economy. Finally, from your own perspective, answer the question – Does capitalism benefit wealthy people and poor people equally? Explain your answer.
< < Part II – Explain what is meant by free trade. List the pros and cons of free trade. Do you support the idea of free trade? < < Total 2-3 pages submitted as one document. < <

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