ENG1512
ASSIGNMENT 2
DUE DATE: 23 MARCH 2026
, ENG1512 ASSIGNMENT 2 2026
DUE 23 MARCH 2026
Instruction: Based on the abstract given above, write an argumentative essay that
addresses the topic of “Capitalism versus Socialism. Which economic system do
you think better ensures equity and efficiency in modern societies?” Take a
stance and support your argumentation. In your argumentation, provide three (3)
reasons to justify your position. Your argument and counterarguments must be
supported by views from the following sources:
1. Bellanca, N., 2013. Capitalism. In: [Book/Collected volume]. Chapter.
doi:10.4337/9781849804745.00013.
2. Sy, W., 2016. Capitalism and economic growth across the world. SSRN Electronic
3. Zalesko M., Capitalism vs. socialism - an attempt to analyse the competitiveness of
WHY CAPITALISM WORKS BETTER FOR FAIRNESS AND GROWTH
For many years, people have debated whether capitalism or socialism is the better way
to organise a country's economy. As Khayal (2024) explains, capitalism is a system
where private owners invest money to produce goods and sell them in an open market,
with prices set by supply and demand. Socialism, on the other hand, means that the
means of production are owned by the community and the government controls most of
the economy. As seen no country today follows either system completely, the evidence
from academic research suggests that capitalism is better at creating both economic
growth and fairness in modern societies.
ASSIGNMENT 2
DUE DATE: 23 MARCH 2026
, ENG1512 ASSIGNMENT 2 2026
DUE 23 MARCH 2026
Instruction: Based on the abstract given above, write an argumentative essay that
addresses the topic of “Capitalism versus Socialism. Which economic system do
you think better ensures equity and efficiency in modern societies?” Take a
stance and support your argumentation. In your argumentation, provide three (3)
reasons to justify your position. Your argument and counterarguments must be
supported by views from the following sources:
1. Bellanca, N., 2013. Capitalism. In: [Book/Collected volume]. Chapter.
doi:10.4337/9781849804745.00013.
2. Sy, W., 2016. Capitalism and economic growth across the world. SSRN Electronic
3. Zalesko M., Capitalism vs. socialism - an attempt to analyse the competitiveness of
WHY CAPITALISM WORKS BETTER FOR FAIRNESS AND GROWTH
For many years, people have debated whether capitalism or socialism is the better way
to organise a country's economy. As Khayal (2024) explains, capitalism is a system
where private owners invest money to produce goods and sell them in an open market,
with prices set by supply and demand. Socialism, on the other hand, means that the
means of production are owned by the community and the government controls most of
the economy. As seen no country today follows either system completely, the evidence
from academic research suggests that capitalism is better at creating both economic
growth and fairness in modern societies.
