Comparative Economic Systems

Despite the dichotomy between capitalism and socialism it has been suggested that in practice all economics are mixed and that it is the proportions to which they are mixed that give each type of systems its distinguishing profile (Locks 1965: viii). This work examines and compares the various forms of economic systems in an attempt to highlight the economic and political institutions in different countries - USA German French USSR Great Britain China Japan and India. The strengths and successes as well as the defects of the systems are also brought to the fore.