Briefly define, in your own words, the concepts of capitalism and socialism. Then list three pros and cons of each.

In two to three (2-3) paragraphs:
Briefly define, in your own words, the concepts of capitalism and socialism. Then list three pros and cons of each.

1. Define in your own words the definition of capitalism.

a. Pro #1
b. Pro #2
c. Pro #3
d. Con #1
e. Con #2
f. Con #3

2. Define in your own words the definition of socialism.

a. Pro #1
b. Pro #2
c. Pro #3
d. Con #1
e. Con #2
f. Con #3