What to produce, how to produce it, and who receives the goods and services produced. High-income countries like the United States have capitalist economic systems, which economists call market economies. This exercise focuses on the ideas about capitalism that you and other students bring to this class so we can connect what you already know with how economists think about the economic system (and they think a lot about it!). Using the concepts in this chapter, explain common complaints you have about capitalism or that you have heard from others. Be sure to use the following terms or concepts in your analysis: market, market economy, equity, allocative efficiency, centrally planned economy, normative analysis, and positive analysis. Each member of the group should describe at least one complaint about capitalism and use at least one of the terms or concepts listed above. Each group should then produce a one-page paper for this analysis to either turn in or to discuss in class.