Explain the concepts of capitalism and socialism. Compare and contrast capitalism and socialism with supporting definitions, explanations, and examples. Identify three pros and three cons for both capitalism and socialism. This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions. The specific course learning outcome associated with this assignment is: Examine the role capitalism plays in corporate decision making. Sources 1. William H. Shaw. 2014. Business Ethics: A Textbook with Cases. Wadsworth, Cengage Learning 8th edition textbook.