During the past few centuries, many economic systems arrived and deteriorated. Adam Smith and Karl Marx who are best known for the these 2 economic systems thought that this would revolutionize the economy and it did in a way. To this day, capitalism and communism still stands as the 2 leading economic systems countries use. Both have their ups and downs but these two variations of economy helped shaped this world in there own ways. <…showed first 75 words of 706 total…

…showed last 75 words of 706 total…don't truly contribute to the advancement of society. <Tab/>The U.S. economy has been somewhat a stable economy. Although capitalism and communism had their disadvantages, both had some great qualities if used in the right way. The U.S. endorses capitalism and became the richest nation in the world despite of some spending. This tells people that whatever economy you have, a stable economy is the best economy to use.