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.