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Three economic Systems

Published on Nov 19, 2015

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PRESENTATION OUTLINE

1.

Three Systems

Capitalism,Socialism, Communism
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2.

Capitalism

  • private ownership of industry
  • freedom of competition
  • results = unequal economic classes
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3.

Socialism

  • Government ownership of industry
  • Goal is economic equality
  • Aim is classless society
Photo by Matt. Create.
4.

Communism

  • Classless society achieved
  • all wealth and property owned as a whole
  • No private property
Photo by Sebastian Niedlich (Grabthar)
5.

Discussion Questions

  • Who likes each type of economy? How do you know this?
  • Identify when in US History each economic system enjoyed popularity.
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