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. …showed first 75 words of 2790 total…

…showed last 75 words of 2790 total…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.