Immigration Economics

Who runs the businesses in Capitalism?

• Individuals/people
• The government
• The military
• The leader of the country

Who controls the businesses in Socialism?

• The people/Individuals
• The military
• The government
• Mr. Furtner

What is the definition of supply?

• How much of something is available
• How much people want, or are willing to pay for an item
• When all the resources are used up
• When you have too much of something

What is the definition of demand?

• How much of something is available
• How much an item costs
• How much people want, or are willing to pay for an item
• How resources are traded, shared, and managed

What is the definition of economy?

• How a society's resources are shared, traded, and managed
• Money
• Businesses
• When the government controls the businesses 

Which is a positive of Capitalism?

• Everyone gets an equal share of the profit
• No one is poor
• People usually work together and cooperate 
• Competition makes products better

Which is a positive of Socialism?

• Everyone gets a fair share of the wealth
• People can get rich
• People are motivated to work hard
• Competition between businesses makes products better 

Which is a negative of Capitalism?

• Success is dependent on the government
• People can't get rich
• People don't want to work hard
• People can be poor

Which is a negative about Socialism?

• Nobody is poor
• Success is dependent on the government making good decisions
• There is a lot of competition between businesses
• The people/Individuals run the businesses

What is the goal of Capitalism?

• To make a profit and increase wealth
• To keep everyone happy
• To share with everyone
• To lose money