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What are the differences between capitalism and socialism

What are the differences between capitalism and socialism

Review the material on economic systems in Chapter Ten. Look at Figure 10.2 and answer the following:

1) What are the differences between capitalism and socialism?
2) What are the differences between rational economics and behavioral economics?
3) Explain the US shift from the 1950s-90s rational economics to the 2010 behavioral economics?

For additional information on this question, see the article, The End of Rational Economics, from Harvard Business Review (https://hbr.org/2009/07/the-end-of-rational-economics).This question needs to be answered with at least 250 words with references and intext citations. I have included the book, and you can include at least 1 outside sources. Please make sure you include the book Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2013). Business ethics: Ethical decision making and cases [9th edition]. Mason, OH: Cengage Learning. I am here if you have questions. This question will probably benefit from outside sources.

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What are the differences between capitalism and socialism

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