Types of Economies

Who sets the prices in CAPITALISM

• Supply and demand

• The government

• Congress

• The Executive Branch

SOCIALISM is concerned with:

• Private company policies

• Nike Vs. Adidas

• Providing services

• Brand competition

Under COMMUNISM, ____ maintains the economy.

• Private businesses

• Government

• Companies

• Individuals

One bad thing about capitalism

• Wage Gap

• Government has too much control

• Too many social services

• Too many options for brands

Which is an example of a private company?

• Senators

• Congress

• Texas

• Amazon

What type of economy does CUBA have?

• Capitalist

• Communist

• Socialist

Most countries are:

• Communist

• Capitalist

• Socialist

• Traditional

NORTH KOREA is

• Communist

• Capitalist

• Socailist

Under___, the state owns all of the businesses.

• Communism

• Capitalist

• Socialist

• Traditional