Communism Capitalism and Socialism

Laissez-faire means...

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

The government or groups of workers might control these resources but the profits are divided among the people.

• Capitalism
• Communism 
• Socialism
• Mixed Economy

In a socialist economy, the wealth is distributed evenly among citizens.

• True
• False

This economic system is based on competition, profits, and self-interest.

• Socialism
• Communism
• Capitalism

In a "pure" communist society, who are the wealthiest and most powerful people?

• Intellectuals
• Business leaders
• Military leaders
• No One--every member of society is supposed to be equal

What does communism believe in?

• Economic system with individuals having private ownership of money/production.
• Maintaining total control over society. 
• Economic equality through elimination of private property.
• A government of the people, by the people, for the people.

The founder of communism 

• Adam Smith
• John Locke
• Karl Marx
• Rousseau 

______________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

One problem with socialism is...

• the rich will continue to get richer.

• people will only work as hard as they need to.

• those that don't work hard enough do not reap the benefits.

• the government keeps all of the wealth.