1. Capitalism, Communism, or Socialism?
Economic Systems
Capitalism, Communism, or Socialism?

2. STW

3. Create table, take notes

4. A farmer owns two cows and sells the milk to a government-owned dairy.
Capitalism
Communism
Socialism

5. A farmer owns two cows and can sell the milk to any dairy.
Capitalism
Communism
Socialism

6. A farmer is assigned two cows and a share of grazing land
A farmer is assigned two cows and a share of grazing land. All milk is sent to a government-owned dairy.
Capitalism
Communis m
Socialism

7. The farmer decides to sell the milk (from cows he owns) at his roadside stand.
Capitalism
Communism
Socialism

8. The government sets the price of the farmer’s milk.
Capitalism
Communism
Socialism

9. The price of the farmer’s milk is determined by the amount of milk produced and the total amount of people who want to buy it.
Capitalism
Communism
Socialism

10. The government determines the number of gallons of milk it wants each year from its cows and gives production goals to farmers.
Capitalism
Communism
Socialism

11. People buy the farmer’s milk from a privately-owned store.
Capitalism
Communism
Socialism

12. People buy the farmer’s milk from a government-owned store.
Capitalism
Communism
Socialism

13. People can shop around and buy milk from the store with the lowest price.
Capitalism
Communism
Socialism

14. Because of a terrible milk shortage, the government takes control of the dairy industry and sets milk prices.
Capitalism
Communism
Socialism

15. The farmer decides to sell one cow and use the money to buy a bull for the purpose of breeding more cows.
Capitalism
Communism
Socialism