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    Directions forPaper1
    Yourpapermust befour (4)pages in length (not including title page or bibliography) 12 point font double spaced Times New Roman font spellchecked and carefully edited with one-inch marginsand page numbers.
    Follow the criteria described in the General Expectations section of the Writing at Guilford manual (http://www.guilford.edu/writing_manual).
    Upload in aWord (.doc .docx) file to Moodle before the specified due dateand time.
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    Topic:
    Resources can be allocated among the participants of an economy by (1) free market capitalism or (2)central planning(socialism) or some combination of the twoor some corrupted versionswhich includecrony capitalism crony unionismand crony socialism.
    1)Describe the various economic systems in use in countries today.Describe the advantages and disadvantages of each system. What should be the goal of an economic system?
    2)Prepare a table of countries including several with high economic freedom several with average economic freedom and several with low economic freedom. Avoid using countries who are big exporters of oil. Include in this table:
    a.Economic Freedom score(Heritage Foundation – Index of Economic Freedom
    b.Political Freedom score(Freedom House)
    c.GDP per capita or Income per capita(World Bank – World Development Indicators)
    d.Human Development Indexscore(United Nations Human Development Index)
    e.Corruption Score(Transparency International)
    f.Doing Business (World Bank Group)
    3)Describe any trends or inferences you might see in the data in the table.
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