Wk 3 Individual: Apply: Economic Systems Mind Map [due Mon]

Resources: Mind Map Podcast, Example Mind Map

Create a Mind Map using a tool such as Popplet®, Mindmeister®, GoConqr®, or a Microsoft® Word document in which you do the following:

• Define each economic system.
• Provide an example of each economic system.
• Compare the pros and cons of each economic system.
• Identify the economic system we have in the United States.
• Explain why it is important to have an economic system.

Your Mind Map should be between 525 to 700 words total.