The Role Capitalism Plays

Assignment 2: The Role Capitalism Plays

Due Week 4 and worth 100 points

Capitalism is an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state whereas socialism is a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. (Shaw, William H. (2014). Business ethics (8th ed.). Boston, MA: Wadsworth, Cengage Learning). In this assignment, you will define the roles capitalism and socialism play along with the 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.

The specific course learning outcomes associated with this assignment are:

Determine the considerations for and process of ethical business decision making to balance corporate and social responsibilities, and address moral, economic, and legal concerns.
Analyze selected business situations using the predominant ethical theories, such as utilitarian, Kantian, and virtue ethics to guide ethical business decision making.
Use technology and information resources to research issues in business ethics.
Write clearly and concisely about business ethics using proper writing mechanics.

View the grading rubric.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.

Points: 100

Assignment 2: The Role Capitalism Plays

Criteria

Unacceptable
Below 60% F

Meets Minimum Expectations
60-69% D

Fair
70-79% C

Proficient
80-89% B

Exemplary
90-100% A

1. Explain the concepts of capitalism and socialism.
Weight 35%

Did not submit or incompletely explained the concepts of capitalism and socialism.

Insufficiently explained the concepts of capitalism and socialism.

Partially explained the concepts of capitalism and socialism.

Satisfactorily explained the concepts of capitalism and socialism.

Thoroughly explained the concepts of capitalism and socialism.

2. Then list three pros and cons of each.
Weight 35%

Did not submit or incompletely list three pros and cons of each. Insufficiently listed three pros and cons of each. Partially listed three pros and cons of each. Satisfactorily listed three pros and cons of each.

Thoroughly listed three pros and cons of each.

3. Follow Strayer Writing Standards (SWS) requirements for format, in-text citation of quotes and paraphrases, and references page.
Weight: 10%

Did not complete the assignment or had more than 9 errors in following SWS requirements.

Had 8-9 errors in following SWS requirements.

Had 6-7 different errors in following SWS requirements.

Had 4-5 different errors in following SWS requirements.

Had 0-3 different errors in following SWS requirements.

4. Follow guidelines for clear and organized writing: include an introductory and concluding paragraph; address main ideas in body paragraphs with a topic sentence and supporting sentences.
Weight: 10%

Did not submit or incompletely followed guidelines for clear and organized writing.

Insufficiently followed guidelines for clear and organized writing: did not include an introductory and / or concluding paragraph; did not address main ideas in body paragraphs with a topic sentence and supporting sentences.

Partially followed guidelines for clear and organized writing: included a partially developed introductory and / or concluding paragraph; partially addressed main ideas in body paragraphs with a topic sentence and supporting sentences.

Sufficiently followed guidelines for clear and organized writing: included an introductory and concluding paragraph; sufficiently addressed main ideas in body paragraphs with a topic sentence and supporting sentences.

Fully followed guidelines for clear and organized writing: included an engaging introductory and thoughtful concluding paragraph; fully addressed main ideas in body paragraphs with a topic sentence and detailed supporting sentences.

5. Adhere to standard rules of English grammar, punctuation, mechanics, and spelling.
Weight: 10%

Did not complete the assignment or had more than 9 errors in grammar, punctuation, mechanics, spelling.

Had 8-9 errors in grammar, grammar, punctuation, mechanics, spelling.

Had 6-7 different errors in grammar, punctuation, mechanics, spelling.

Had 4-5 different errors in grammar, grammar, punctuation, mechanics, spelling.

Had 0-3 different errors in grammar, punctuation, mechanics, spelling