Government systems

Laissez-faire means...

• Hats off
• Hands around
• Hands off
• Hands on

How does socialism differ from capitalism?

• In socialism, the goverment controls the means of production; whereas, capitalism focuses on the private owner.
• In socialism, the goverment provides subsidies for small buisnesses; whereas, capitalism only depends on the corporations to spark the economy.
• In socialism, the goverment does not provide any form on humanitarian aid; whereas, capitalism funds small buisness with tax relief.
• In socialism, the government controls what the consumer can purchase; whereas, capitalism controls what the business can market.

The United States practices

• pure capitalism
• pure socialism
• pure communism
• mixed market

This economic system aims to make the best products for the lowest amount of money, which often times leads to bad treatment of workers.

• Socialism
• Communism
• Mixed Market Economy 
• Capitalism 

______________get to make the economic decisions under capitalism.

• Individuals
• Government
• Literally no one
• The President 

In a communist society...

• the government controls the means of production

• the individual owns the means of production

• wealth is distributed evenly amongst society

• there is no wealth or private property

Which is not an economic system?

• Capitalism

• Mutualism

• Communism

• Socialism

In which economic system is the GOVERNMENT in control of land, resources, and factories?

• Socialism

• Capitalism

• Communism

In which economic system are INDIVIDUALS in charge of owning land, resources, and factories?

• Communism

• Socialism

• Capitalism

The government becoming too powerful is a weakness of which system?

• Capitalism

• Socialism

• Communism