Capitalism: businesses owned by the individual. Singapore is a global commerce, ranked as the "easiest place to do business" for nine years. Compared to the United States, people in the U.S have more restrictions on business than citizens of Singapore do because the U.S is a mixed capitalist country.
Singapore ranks high in social progress, including education, healthcare, life expectancy, personal safety and quality of life. 90 percent of citizens in Singapore own their homes, however in the U.S home owner ship is on average 60-65 percent. The most valued and successful business in Singapore is the Singapore Airlines.
Current issues in Singapore include; industrial pollution, limited fresh water, and seasonal smoke resulting from forest fires in Indonesia. In the United States, there are also some similar environmental issues as well. Industrial pollution and pollution as a whole is a big problem in the U.S.