Make an organized essay that addresses the following task:

Contrast the social and economic differences between capitalism, socialism, and communism.
Why is it so necessary to have a freely elected government for democratic capitalism to create a prosperous and fair economy?
Analyze at least two reasons why, throughout the history of the United States, Americans have feared communism.
Your essay must:

Include an introduction with a clear understanding of economic systems
Support your answer with specific examples from the reading
Have at least 2 detailed body paragraphs
Include transition sentences
Include a conclusion that restates the economic concepts and summarizes the main points of your essay.
Be proofread for good spelling/grammar
Include text-based details
Please provide the references link
Please do not limit your research to these websites but here are a few useful ones:

General economic data: https://www.cia.gov/the-world-factbook/field/economic-overview/ (Links to an external site.)
GDP:  https://www.cia.gov/the-world-factbook/field/real-gdp-per-capita/country-comparison (Links to an external site.)
Inflation rate (Consumer price):  https://www.cia.gov/the-world-factbook/field/inflation-rate-consumer-prices/country-comparison (Links to an external site.)
Average income comparison: https://www.worlddata.info/average-income.php (Links to an external site.)
Education comparison: https://ourworldindata.org/tertiary-education

Answer rating: 100% (QA)

Title Contrasting Economic Systems Capitalism Socialism and Communism Introduction Economic systems play a fundamental role in shaping the social and economic landscape of a nation Capitalism socialis... View the full answer