Instructions: Compare two countries with different economic systems. One of the two countries must be the USA.

Write a short introduction ending with a thesis statement. The thesis statement should include the two countries chosen and answer the questions:

Which country would be the best place to live?
Which country would be the best place to start your business?
Suggested Organization

Paragraph 1. Describe each economic system and point out the main characteristics, advantages, and disadvantages of each.

Paragraph 2-4. For both countries, analyze the following economic indicators for the last three years (2019-2021) and display them in a data table.

Real GDP
Rate of economic growth from year to year
Real GDP per capita
Inflation rate
Unemployment rate
Life expectancy
Average years of schooling

Paragraph 5. Conclusion paragraph: Bring the essay portion of the project to a logical close.

Based on your research, explain:

Which country would be the best place to live?
Which country would be the best place to locate your own business, and expect it to prosper?
Explain your reasoning and use the economic indicators to draw your conclusions.
Works Cited page: Follow MLA format in giving your source information. You must cite at least 4 sources. Use official sites as much as you can (Bureau of Labor Statistics BLS, Federal Reserve, Department of Commerce, etc.) or credible sources. Do not use Wikipedia.

Guidelines:

MLA Format
Minimum 3 pages (750 words) for the essay, plus a Works Cited page (maximum 6 pages total)
Use proper grammar, proper spelling, and good paragraph structure.
Express your findings in your own words. If the rate of plagiarism is high, the essay will not be accepted, and you will have a zero for the assignment.
Include the following information at the top of the first page of your essay:
Your name
Instructors name
ECON 2301
Principles of Economics Project
Date

Note: Your essay will be graded based on the rubric posted on Blackboard. Use it as a guide and check it before submitting your essay. An additional 5 points will be assigned for going to the KC writing lab for assistance.

Grading: 70% Content, 20% Research, 10% Grammar and Spelling