Is the standard of living differently in capitalist, socialist, and communist economies?

Is the standard of living differently in capitalist, socialist,
and communist economies? Which economic system provides the highest standard of
living? One way of answering these questions is by comparing economic data you
might find in the library or on the Internet. (Hint: try the CIA Web site.)
Choose one capitalist country, one socialist country, and one communist
country. Use the following chart to record your findings.
CAPITALIST COUNTRY
SOCIALIST COUNTRY
Country Chosen
USA

Gross Domestic Product (GDP)
Consumer Prices
Unemployment Rate
Average Income
Average Education
Based on the data of your research, write an
organized essay that addresses the following task:

Contrast the social
and economic differences between capitalism, socialism, and communism.

Why is it so necessary
to have a freely elected government for democratic capitalism to create a
prosperous and fair economy?

Analyze at least two
reasons why, throughout the history of the United States, Americans have feared
communism.
Your essay must:

Include an
introduction with a clear understanding of economic systems

Support your answer
with specific examples from the reading

Have at least 2
detailed body paragraphs

Include transition
sentences

Include a conclusion
that restates the economic concepts and summarizes the main points of your
essay.

Be proofread for good
spelling/grammar

Include text-based
details
Please do not limit your research to these websites but here are
a few useful ones:

Generel
economic data: https://www.cia.gov/the-world-factbook/field/economic-overview/ (Links to an external site.)

GDP: https://www.cia.gov/the-world-factbook/field/real-gdp-per-capita/country-comparison (Links to an external site.)

Inflation
rate (Consumer price): https://www.cia.gov/the-world-factbook/field/inflation-rate-consumer-prices/country-comparison (Links to an external site.)

Average
income comparison: https://www.worlddata.info/average-income.php (Links to an external site.)

Education
comparison: https://ourworldindata.org/tertiary-education

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