Economic Systems: Past, Present and Future.

Introduction The Understanding Economics textbook defines an economic system as, "the organisation of an economy, which represents a country's distinct set of social customs, political institutions and economic practices". In this report I will discuss two of the worlds' leading economic systems, Capitalism and Communism. As well, I will discuss our Nation's economic system, the mixed economy. I plan to research the three elements stated by the textbook for each of the economic systems mentioned. …

…mod_2_2.htm www.wsu.edu/~dee/GLOSSARY/CAPITAL.HTM www.bankofcanada.ca www.fva.org/1096/investor.htm www.gmu.edu/departments/economics/bcaplan/museum/history.htm www.marxist.org Literature: Lovewell, Mark, Understanding Economics, 2nd Canadian ed., McGraw-Hill Ryerson, Toronto, 2002, pp. 12-15 Nickels et al., Understanding Canadian Business, 3rd Canadian ed., McGraw-Hill Ryerson, Toronto, 2000, pp. 38-41 Welson, Daryl, Communist Economies, Toronto: Pitman, 1994 Wilson, Sarah, Money, Money, Money- The Key to Capitalism, Toronto: Lawson, Cole, Morgan, 1996.