Understanding the different types of market systems and policies will help you have a better idea of the effectiveness and relevance each market system has on our economy to include capitalism, market, and economic systems as well as the role of policies.
Locate a recent article (published within the last year) that discusses capitalism and economic market systems in the United States. You can use the Hunt Library, economic journals, newspapers, new stations, or other credible sources to locate an article. Analyze your article, review the assigned readings and then discuss the concepts of capitalism, market, and economic systems and policy. Address the following in your discussion.
Explain how capitalism began.
Discuss different market economic systems.
Evaluate the pros and cons associated with capitalism and market economic systems including answers to these questions:
Which type of economic systems you believe are most effective and why?
Does capitalism best describe the economy of the United States?
Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.