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Describe the concepts of Capitalism and Socialism listing 3 pros and cons for both. Analyze selected business situations using predominant ethical theories using utilitarian, Kantian and virtue ethics guide to ethical business decision making.

In own words describe the concepts of Capitalism and Socialism listing 3 pros and cons for both. Analyze selected business situations using predominant ethical theories using utilitarian, Kantian and virtue ethics guide to ethical business decision making. Only needs to be about 2- 3 paragraphs. Also see attached for better understanding of instructions.

Compare and contrast capitalism and socialism and discuss a shortcoming of each system that is criticized by opponents of the system.

Compare and contrast capitalism and socialism and discuss a shortcoming of each system that is criticized by opponents of the system. Then describe the overlap in capitalism and socialism and the economic theory associated with it.

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