For this assignment, you will need to research the relative merits of different economic systems (various versions of Socialism, Communism and Capitalism, and how to implement them in a new nation.
You have been sorted into groups based on your economic system and need to decide what your island nation will look like.
Start by researching your economic system.
Why Capitalism? by 
Essentials of Comparative Politics by 
Comparing Economic Systems in the Twenty-First Century by 
The Evolution of Economic Systems by 
Marx-Engels Reader by